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

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

Keith Belling also recently made the following trade(s):

• On Tuesday, December 17th, Keith Belling sold 500 shares of RH stock. The shares were sold at an average price of $415.00, for a total value of $207,500.00.

RH Stock Down 2.8 %

Shares of NYSE RH opened at $403.44 on Wednesday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The business has a 50 day moving average price of $370.35 and a two-hundred day moving average price of $314.41. The firm has a market cap of $7.51 billion, a PE ratio of 115.93, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.42) earnings per share. On average, analysts anticipate that RH will post 5.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RH. Citigroup lifted their price objective on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Loop Capital lifted their price target 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. Guggenheim increased their price objective on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays reduced their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Finally, Morgan Stanley increased their price target on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $402.40.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares in the last quarter. Versant Capital Management Inc lifted its holdings in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Inspire Trust Co. N.A. lifted its holdings in RH by 8.6% during the 3rd quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock worth $1,694,000 after buying an additional 400 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of RH in the 3rd quarter worth approximately $846,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of RH by 55.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,341 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

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.