Mark S. Demilio Sells 2,000 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH - Get Free Report) Director Mark S. Demilio sold 2,000 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares of the company's stock, valued at $3,714,034.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

RH Trading Down 1.3 %

Shares of RH stock traded down $4.65 during trading on Friday, hitting $344.28. 956,541 shares of the stock were exchanged, compared to its average volume of 750,557. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 95.37, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. The company has a fifty day moving average price of $272.03 and a 200-day moving average price of $268.65.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to analysts' expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.93 earnings per share. Equities research analysts forecast that RH will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on RH from $300.00 to $310.00 and gave the stock an "equal weight" rating in a report on Friday, September 13th. Citigroup upped their target price on shares of RH from $340.00 to $355.00 and gave the company a "buy" rating in a research note on Friday, September 13th. StockNews.com upgraded shares of RH to a "sell" rating in a research report on Thursday. TD Cowen upped their price objective on shares of RH from $325.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Finally, Barclays reduced their target price on shares of RH from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $322.54.

Institutional Investors Weigh In On RH

Hedge funds and other institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp raised its stake in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company's stock worth $4,098,000 after acquiring an additional 3,387 shares in the last quarter. Findell Capital Management LLC bought a new position in RH in the 4th quarter valued at approximately $5,247,000. First Hawaiian Bank lifted its stake in RH by 116.2% in the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company's stock valued at $1,398,000 after purchasing an additional 3,073 shares during the last quarter. Entropy Technologies LP acquired a new stake in RH in the first quarter valued at approximately $2,200,000. Finally, Artemis Investment Management LLP bought a new stake in shares of RH during the first quarter worth $4,637,000. 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.