Eri Chaya Sells 25,000 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Eri Chaya also recently made the following trade(s):

• On Tuesday, January 14th, Eri Chaya sold 25,000 shares of RH stock. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00.
• On Monday, January 6th, Eri Chaya sold 10,000 shares of RH stock. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00.

RH Price Performance

Shares of NYSE:RH opened at $435.07 on Friday. The company’s fifty day moving average price is $394.37 and its 200-day moving average price is $330.06. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 125.02, a PEG ratio of 10.41 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. RH’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.42) EPS. As a group, equities research analysts expect that RH will post 4.37 EPS for the current year.

Hedge Funds Weigh In On RH

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its holdings in shares of RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after purchasing an additional 35 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after purchasing an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of RH by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock valued at $534,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on RH shares. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and upped their price target for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a research note on Monday, January 13th. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Finally, Loop Capital upped their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $421.73.

About RH

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.