Eri Chaya Sells 100,000 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

RH Stock Up 0.2 %

NYSE:RH opened at $278.88 on Thursday. RH has a 52 week low of $207.26 and a 52 week high of $406.38. The company has a market cap of $5.11 billion, a PE ratio of 50.07, a P/E/G ratio of 3.03 and a beta of 2.54. The business’s 50 day moving average is $276.60 and its two-hundred day moving average is $268.29.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The business had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same period in the prior year, the firm earned $2.88 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that RH will post 9.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on RH. Loop Capital upped their price target on RH from $260.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Wells Fargo & Company upped their target price on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Robert W. Baird lifted their price target on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $335.00 price target (up previously from $285.00) on shares of RH in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $332.15.

Hedge Funds Weigh In On RH

A number of large investors have recently bought and sold shares of RH. FMR LLC grew its holdings in shares of RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after purchasing an additional 221,858 shares during the last quarter. Norges Bank bought a new position in RH during the 4th quarter worth $38,736,000. Quadrature Capital Ltd acquired a new stake in RH in the third quarter worth $31,828,000. Senvest Management LLC lifted its stake in RH by 47.4% in the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company’s stock valued at $101,877,000 after buying an additional 112,455 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of RH during the third quarter valued at $24,295,000. Institutional investors own 90.17% of the company’s stock.

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.