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

RH (NYSE:RH) Director Keith Belling sold 500 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value of $207,500.00.

RH Stock Down 2.8 %

NYSE RH traded down $11.52 on Tuesday, hitting $403.44. The company’s stock had a trading volume of 397,465 shares, compared to its average volume of 395,641. The company’s 50-day moving average is $370.35 and its 200 day moving average is $314.41. The firm has a market cap of $7.51 billion, a PE ratio of 115.93, a PEG ratio of 2.73 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share 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 analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.42) earnings per share. On average, equities analysts expect that RH will post 5.63 EPS for the current year.

Wall Street Analyst Weigh In

RH has been the subject of several recent analyst reports. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Loop Capital boosted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus price target of $402.40.

Hedge Funds Weigh In On RH

A number of hedge funds have recently made changes to their positions in RH. Texas Permanent School Fund Corp raised its position in shares of RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after acquiring an additional 3,387 shares in the last quarter. Virtu Financial LLC acquired a new stake in RH during the third quarter worth approximately $4,268,000. Lisanti Capital Growth LLC acquired a new stake in RH during the third quarter worth approximately $3,251,000. Invst LLC bought a new stake in RH in the third quarter worth approximately $752,000. Finally, Cerity Partners LLC lifted its stake in RH by 139.7% in the third 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 currently owned by 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.