Insider Selling: RH (NYSE:RH) Director Sells 500 Shares of Stock

RH (NYSE:RH) Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Keith Belling also recently made the following trade(s):

• On Tuesday, December 17th, Keith Belling sold 500 shares of RH stock. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00.

RH Stock Performance

Shares of RH opened at $407.20 on Friday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The business has a 50-day moving average of $375.68 and a 200 day moving average of $317.00. The firm has a market cap of $7.58 billion, a P/E ratio of 117.01, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the previous year, the business earned ($0.42) EPS. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RH. Robert W. Baird boosted their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus increased their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $383.00 to $515.00 in a report on Wednesday. Loop Capital increased their target price on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, TD Cowen boosted their price target on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $415.40.

Institutional Investors Weigh In On RH

A number of hedge funds and other institutional investors have recently bought and sold shares of RH. Anomaly Capital Management LP raised its stake in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares during the period. Two Sigma Advisers LP increased its position in shares of RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after buying an additional 93,500 shares during the period. Marshall Wace LLP lifted its holdings in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

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.