Eri Chaya Sells 25,000 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eri Chaya also recently made the following trade(s):

• On Tuesday, January 14th, Eri Chaya sold 25,000 shares of RH stock. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00.
• On Monday, January 6th, Eri Chaya sold 10,000 shares of RH stock. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00.

RH Stock Down 1.7 %

Shares of NYSE RH opened at $435.07 on Friday. The company’s 50-day simple moving average is $394.37 and its 200-day simple moving average is $330.06. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 125.02, a price-to-earnings-growth ratio of 10.41 and a beta of 2.43.

RH (NYSE:RH) last posted its quarterly earnings results 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 business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. Equities research analysts anticipate that RH will post 4.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RH has been the subject of several recent research reports. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Robert W. Baird lifted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Loop Capital lifted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, RH has a consensus rating of “Hold” and a consensus price target of $421.73.

Hedge Funds Weigh In On RH

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. boosted its position in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC boosted its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. boosted its holdings in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in RH in the 3rd quarter valued at about $100,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.