Eri Chaya Sells 10,000 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) insider Eri Chaya sold 10,000 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

RH Price Performance

Shares of RH stock opened at $407.20 on Thursday. The company has a market cap of $7.58 billion, a PE ratio of 117.01, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. The stock’s 50 day simple moving average is $372.18 and its two-hundred day simple moving average is $315.73. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (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 32.76% and a net margin of 2.25%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) earnings per share. Equities research analysts expect that RH will post 5.63 EPS for the current year.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Loop Capital lifted their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of RH in a research note on Monday. BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Finally, Bank of America raised their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $415.40.

Hedge Funds Weigh In On RH

Large investors have recently made changes to their positions in the company. Texas Permanent School Fund Corp increased its stake in RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares during the period. Virtu Financial LLC purchased a new position in RH in the 3rd quarter worth about $4,268,000. Lisanti Capital Growth LLC bought a new stake in RH during the 3rd quarter valued at about $3,251,000. Invst LLC bought a new stake in RH during the 3rd quarter valued at about $752,000. Finally, Cerity Partners LLC boosted its position in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after buying an additional 1,506 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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.