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

by · The Markets Daily

RH (NYSE:RH – Get Free Report) Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RH Stock Performance

RH stock opened at $398.26 on Friday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The firm has a 50 day moving average price of $355.73 and a 200 day moving average price of $302.38. The company has a market capitalization of $7.41 billion, a PE ratio of 114.44, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH – Get Free Report) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the company posted ($0.42) EPS. RH’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that RH will post 5.63 earnings per share for the current year.

Analyst Ratings Changes

RH has been the subject of several research reports. Barclays dropped their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Bank of America raised their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Robert W. Baird upped their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $485.00 to $500.00 in a research report on Thursday. Three 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 presently has a consensus rating of “Hold” and a consensus target price of $402.40.

Read Our Latest Stock Report on RH

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position 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 buying an additional 74 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of RH in the second quarter valued at $62,000. Centaurus Financial Inc. purchased a new position in shares of RH in the 3rd quarter valued at about $100,000. Ameliora Wealth Management Ltd. purchased a new position in RH in the third quarter worth approximately $110,000. Finally, Quarry LP purchased a new stake in shares of RH during the 3rd quarter worth $141,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

About RH

(Get Free Report)

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.

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