RH Sees Unusually High Options Volume (NYSE:RH)

RH (NYSE:RH - Get Free Report) was the recipient of some unusual options trading on Monday. Investors acquired 13,091 call options on the stock. This is an increase of 69% compared to the average daily volume of 7,733 call options.

Insider Buying and Selling at RH

In other news, CAO Christina Hargarten sold 5,280 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 484 shares of the company's stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock valued at $24,550,754 in the last three months. Corporate insiders own 28.10% of the company's stock.

Hedge Funds Weigh In On RH

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of RH by 7,000.0% in the 4th 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 last quarter. UMB Bank n.a. increased its holdings in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in RH by 533.3% during the 4th 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. Sunbelt Securities Inc. raised its stake in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of 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 in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

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RH Stock Down 4.2 %

RH traded down $7.27 during midday trading on Friday, hitting $164.81. The company had a trading volume of 2,608,942 shares, compared to its average volume of 910,345. The stock's 50 day moving average price is $277.36 and its 200 day moving average price is $339.84. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The business's quarterly revenue was up 10.0% on a year-over-year basis. Research analysts predict that RH will post 4.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RH shares. Morgan Stanley cut their target price on shares of RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Citigroup reiterated a "neutral" rating and set a $200.00 price target (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Stifel Nicolaus decreased their price objective on RH from $450.00 to $390.00 and set a "buy" rating for the company in a report on Monday, April 7th. Wells Fargo & Company lowered their target price on RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group set a $276.00 price target on RH in a research report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, RH currently has a consensus rating of "Hold" and an average price target of $283.94.

RH Company Profile

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.