RH (NYSE:RH) Insider Stefan Duban Sells 4,285 Shares

RH (NYSE:RH) insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares in the company, valued at $27,016.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

RH Price Performance

NYSE RH opened at $344.38 on Friday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 95.40, a PEG ratio of 1.70 and a beta of 2.42. The business’s fifty day moving average is $272.03 and its 200-day moving average is $268.65. RH has a one year low of $207.26 and a one year high of $354.86.

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

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp boosted its stake in 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 purchasing an additional 3,387 shares during the period. Findell Capital Management LLC purchased a new position in RH during the fourth quarter valued at approximately $5,247,000. First Hawaiian Bank boosted its holdings in RH by 116.2% in the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after purchasing an additional 3,073 shares during the period. Entropy Technologies LP purchased a new position in shares of RH during the 1st quarter valued at $2,200,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of RH in the first quarter worth $4,637,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

RH has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus upped their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. The Goldman Sachs Group lowered their price objective on RH from $264.00 to $226.00 and set a “sell” rating for the company in a research report on Monday, June 17th. JPMorgan Chase & Co. cut their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Loop Capital raised their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of “Hold” and an average target price 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.