RH (NYSE:RH) Director Keith Belling Sells 500 Shares

RH (NYSE:RH) Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

RH Trading Down 2.1 %

Shares of RH stock opened at $388.02 on Friday. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The company has a market capitalization of $7.22 billion, a P/E ratio of 111.50, a P/E/G ratio of 2.73 and a beta of 2.44. The stock has a 50 day moving average of $354.37 and a two-hundred day moving average of $301.53.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm 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 revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned ($0.42) earnings per share. Sell-side analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RH. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Bank of America upped their price objective on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus lifted their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target (up from $430.00) on shares of RH in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $402.40.

Institutional Trading of RH

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of RH during the second quarter valued at $62,000. Centaurus Financial Inc. acquired a new stake in shares of RH in the 3rd quarter valued at $100,000. Ameliora Wealth Management Ltd. bought a new position in RH during the 3rd quarter valued at about $110,000. Finally, Quarry LP acquired a new position in RH in the third quarter valued at about $141,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.