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

RH (NYSE:RH) Director Keith Belling sold 500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

Shares of NYSE:RH opened at $403.44 on Wednesday. The stock’s 50 day moving average price is $370.35 and its 200 day moving average price is $314.41. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 115.93, a PEG ratio of 2.73 and a beta of 2.43. RH has a 12 month low of $212.43 and a 12 month high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the firm posted ($0.42) EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that RH will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RH shares. Stifel Nicolaus boosted their price objective on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. TD Cowen boosted their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. BNP Paribas restated an “underperform” rating and set a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Telsey Advisory Group upgraded 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 research report on Thursday, December 19th. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, RH presently has a consensus rating of “Hold” and a consensus price target of $402.40.

Institutional Investors Weigh In On RH

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its holdings in shares of RH by 187.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,438 shares of the company’s stock worth $596,000 after purchasing an additional 1,591 shares in the last quarter. National Bank of Canada FI grew its position in RH by 10.5% in the second quarter. National Bank of Canada FI now owns 18,060 shares of the company’s stock worth $4,302,000 after buying an additional 1,719 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after buying an additional 55,999 shares in the last quarter. Arizona State Retirement System lifted its position in shares of RH by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 4,101 shares of the company’s stock valued at $1,002,000 after acquiring an additional 95 shares during the last quarter. Finally, X Square Capital LLC boosted its stake in shares of RH by 91.1% during the 2nd quarter. X Square Capital LLC now owns 13,776 shares of the company’s stock worth $3,367,000 after acquiring an additional 6,566 shares in the last quarter. 90.17% of the stock is 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.