RH (NYSE:RH) Shares Gap Up on Insider Buying Activity

RH (NYSE:RH)’s stock price gapped up before the market opened on Thursday following insider buying activity. The stock had previously closed at $219.19, but opened at $234.02. RH shares last traded at $237.26, with a volume of 244,437 shares.

Specifically, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,000 shares of company stock valued at $28,897,430. 28.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RH. TD Cowen dropped their price target on RH from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Oppenheimer reissued a “market perform” rating on shares of RH in a research report on Monday, April 1st. Loop Capital dropped their price target on RH from $350.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, June 17th. The Goldman Sachs Group dropped their price target on RH from $264.00 to $226.00 and set a “sell” rating on the stock in a research report on Monday, June 17th. Finally, Barclays upped their price objective on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $310.46.

RH Stock Up 2.1 %

The business has a 50 day simple moving average of $259.28 and a 200 day simple moving average of $271.03. The company has a market capitalization of $4.51 billion, a PE ratio of 67.71, a PEG ratio of 0.89 and a beta of 2.51.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The business had revenue of $726.96 million during the quarter, compared to analysts’ expectations of $725.15 million. During the same quarter last year, the business posted $2.21 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that RH will post 8.15 EPS for the current fiscal year.

Institutional Investors Weigh In On RH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in shares of RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares during the last quarter. Insight Advisors LLC PA raised its stake in shares of RH by 2.8% in the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after purchasing an additional 39 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after purchasing an additional 47 shares during the last quarter. Finally, New York Life Investment Management LLC raised its stake in shares of RH by 4.1% in the fourth quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock worth $496,000 after purchasing an additional 67 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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.