RH Sees Unusually Large Options Volume (NYSE:RH)

RH (NYSE:RH) was the target of unusually large options trading on Monday. Traders acquired 13,091 call options on the stock. This represents an increase of 69% compared to the average daily volume of 7,733 call options.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Loop Capital lowered their price target on RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of RH from $375.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday. Wedbush decreased their price objective on RH from $500.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus cut their price objective on shares of RH from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Robert W. Baird cut their price target on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, RH currently has an average rating of “Hold” and an average price target of $287.69.

Insiders Place Their Bets

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock worth $24,550,754 in the last three months. 28.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its position in RH by 7,000.0% in 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 period. UMB Bank n.a. boosted its stake 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 buying an additional 39 shares during the period. GAMMA Investing LLC increased its position in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after acquiring an additional 69 shares during the period. Finally, Rakuten Securities Inc. raised its position in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Up 14.3 %

Shares of RH stock traded up $20.83 during trading hours on Monday, hitting $166.49. 3,916,672 shares of the company’s stock were exchanged, compared to its average volume of 846,049. The firm has a 50 day moving average of $312.06 and a two-hundred day moving average of $348.44. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm has a market cap of $3.10 billion, a P/E ratio of 47.76, a P/E/G ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

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.