RH (NYSE:RH) Insider Sells $1,484,195.45 in Stock

RH (NYSE:RH) insider Stefan Duban sold 4,285 shares of RH stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

RH Stock Down 1.3 %

Shares of NYSE:RH opened at $344.28 on Monday. RH has a fifty-two week low of $207.26 and a fifty-two week high of $354.86. The firm has a 50-day simple moving average of $272.03 and a 200 day simple moving average of $268.64. The company has a market cap of $6.35 billion, a PE ratio of 95.37, a P/E/G ratio of 1.70 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the firm earned $3.93 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that RH will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RH shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price objective on shares of RH in a report on Tuesday, September 10th. The Goldman Sachs Group cut their price objective on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a report on Monday, June 17th. Robert W. Baird boosted their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Barclays cut their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $322.54.

Institutional Investors Weigh In On RH

Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its position in RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares during the last quarter. Insight Advisors LLC PA grew its position in RH by 2.8% in the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after purchasing an additional 39 shares during the last quarter. Pacer Advisors Inc. grew its position in RH by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the last quarter. Tradition Wealth Management LLC grew its position in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.