Eri Chaya Sells 17,150 Shares of RH (NYSE:RH) Stock
RH (NYSE:RH – Get Rating) insider Eri Chaya sold 17,150 shares of RH stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $276.77, for a total value of $4,746,605.50. Following the completion of the sale, the insider now directly owns 73,643 shares in the company, valued at approximately $20,382,173.11. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Eri Chaya also recently made the following trade(s):
- On Wednesday, May 25th, Eri Chaya sold 17,150 shares of RH stock. The stock was sold at an average price of $254.79, for a total value of $4,369,648.50.
- On Monday, April 25th, Eri Chaya sold 17,150 shares of RH stock. The shares were sold at an average price of $328.11, for a total value of $5,627,086.50.
- On Thursday, March 31st, Eri Chaya sold 17,150 shares of RH stock. The stock was sold at an average price of $326.27, for a total transaction of $5,595,530.50.
Shares of NYSE:RH traded down $20.08 during midday trading on Monday, reaching $257.99. The company’s stock had a trading volume of 915,351 shares, compared to its average volume of 916,059. The business has a 50 day moving average price of $310.18 and a 200 day moving average price of $397.31. RH has a 1 year low of $236.29 and a 1 year high of $744.56. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 0.98 and a beta of 2.20. The company has a quick ratio of 1.90, a current ratio of 2.50 and a debt-to-equity ratio of 1.97.
RH (NYSE:RH – Get Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $7.78 EPS for the quarter, beating the consensus estimate of $5.40 by $2.38. The company had revenue of $957.00 million during the quarter, compared to analysts’ expectations of $924.76 million. RH had a return on equity of 77.40% and a net margin of 19.68%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.89 EPS. Sell-side analysts anticipate that RH will post 28.99 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Hanlon Investment Management Inc. purchased a new position in shares of RH in the 3rd quarter worth about $1,072,000. Freestone Capital Holdings LLC raised its holdings in RH by 149.7% in the fourth quarter. Freestone Capital Holdings LLC now owns 749 shares of the company’s stock valued at $401,000 after buying an additional 449 shares during the period. Select Equity Group L.P. lifted its position in RH by 169.3% during the fourth quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock valued at $227,179,000 after buying an additional 266,464 shares in the last quarter. Advisor Resource Council purchased a new stake in RH during the fourth quarter worth approximately $1,137,000. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of RH in the third quarter worth $211,000. 96.27% of the stock is currently owned by institutional investors.
RH has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of RH in a research report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on RH from $466.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, June 6th. Citigroup dropped their price target on RH from $668.00 to $535.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Wedbush cut their target price on shares of RH to $315.00 in a research report on Friday, May 27th. Finally, Cowen lowered their price target on shares of RH from $550.00 to $450.00 in a research report on Friday, June 3rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $466.20.
About RH (Get Rating)
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider RH, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and RH wasn’t on the list.
While RH currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.