RH (NYSE:RH) Insider Edward T. Lee Sells 600 Shares

RH (NYSE:RH) insider Edward T. Lee sold 600 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

RH Trading Down 1.7 %

Shares of RH stock opened at $435.07 on Friday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm’s 50 day moving average is $394.37 and its 200-day moving average 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 (NYSE:RH) last announced its quarterly earnings data 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 net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior year, the company earned ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that RH will post 4.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RH

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings 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 buying an additional 70 shares during the period. UMB Bank n.a. lifted its holdings in RH by 125.8% in 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. GAMMA Investing LLC lifted its holdings in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the period. Blue Trust Inc. lifted its holdings in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in RH in the third quarter valued at approximately $100,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RH shares. Loop Capital upped their target price on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Guggenheim boosted their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Robert W. Baird boosted their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, RH presently has an average rating of “Hold” and a consensus 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.