RH (NYSE:RH) CAO Sells $2,361,216.00 in Stock

RH (NYSE:RH) CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

RH Stock Performance

RH stock opened at $442.50 on Thursday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The firm’s 50-day simple moving average is $392.05 and its 200 day simple moving average is $329.27. The stock has a market cap of $8.23 billion, a PE ratio of 127.15, a price-to-earnings-growth ratio of 10.41 and a beta of 2.43.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. BNP Paribas reissued an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Robert W. Baird lifted 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 raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Finally, Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, RH currently has an average rating of “Hold” and an average target price of $421.73.

Institutional Investors Weigh In On RH

Several large investors have recently made changes to their positions in RH. UMB Bank n.a. grew its position in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the period. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. GAMMA Investing LLC grew its position in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. grew its position in shares of RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of RH during the 3rd quarter worth approximately $100,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.