RH (NYSE:RH) Director Mark S. Demilio Sells 2,000 Shares

RH (NYSE:RH) Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

RH Trading Down 1.3 %

RH opened at $344.38 on Friday. The business’s 50 day moving average is $272.03 and its 200-day moving average is $268.65. The stock has a market cap of $6.35 billion, a PE ratio of 95.40, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same period in the prior year, the company posted $3.93 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts forecast that RH will post 6.2 EPS for the current year.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of RH by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock valued at $77,260,000 after acquiring an additional 15,312 shares during the period. Norges Bank bought a new position in RH during the 4th quarter valued at $38,736,000. Wells Fargo & Company MN increased its position in shares of RH by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 26,945 shares of the company’s stock valued at $7,854,000 after purchasing an additional 891 shares during the period. Quest Partners LLC acquired a new position in shares of RH during the 4th quarter valued at $37,000. Finally, TCW Group Inc. increased its position in shares of RH by 8.5% during the 4th quarter. TCW Group Inc. now owns 17,349 shares of the company’s stock valued at $5,057,000 after purchasing an additional 1,364 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. BNP Paribas upgraded RH to a “hold” rating in a research note on Friday, June 14th. TD Cowen increased their target price on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Wedbush increased their target price on shares of RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Finally, Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $322.54.

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.