RH (NYSE:RH) Shares Down 6.1%

RH (NYSE:RH - Get Free Report)'s share price traded down 6.1% during trading on Wednesday . The stock traded as low as $256.00 and last traded at $257.46. 634,759 shares were traded during trading, a decline of 5% from the average session volume of 665,575 shares. The stock had previously closed at $274.05.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their price objective on RH from $293.00 to $340.00 and gave the company an "equal weight" rating in a research report on Monday, April 1st. Wedbush reiterated a "neutral" rating and set a $320.00 price objective on shares of RH in a research report on Monday. Robert W. Baird increased their price objective on RH from $280.00 to $300.00 and gave the company a "neutral" rating in a research report on Thursday, March 28th. Wells Fargo & Company increased their target price on RH from $350.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Finally, Oppenheimer restated a "market perform" rating on shares of RH in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, RH has an average rating of "Hold" and a consensus price target of $332.15.

RH Trading Down 7.2 %

The firm has a fifty day simple moving average of $278.62 and a two-hundred day simple moving average of $272.23. The firm has a market cap of $4.66 billion, a PE ratio of 45.86, a PEG ratio of 3.11 and a beta of 2.54.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The firm had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same period in the prior year, the company posted $2.88 EPS. The firm's revenue was down 4.4% on a year-over-year basis. Equities analysts expect that RH will post 8.99 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, insider Eri Chaya sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other RH news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company's stock, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock valued at $28,897,430 in the last 90 days. Corporate insiders own 23.90% of the company's stock.

Institutional Trading of RH

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in shares of RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company's stock worth $2,986,000 after buying an additional 38 shares during the last quarter. Insight Advisors LLC PA boosted its stake in shares of RH by 2.8% in the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company's stock worth $504,000 after buying an additional 39 shares during the last quarter. Tradition Wealth Management LLC boosted its stake in shares of RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company's stock worth $102,000 after buying an additional 45 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company's stock worth $4,659,000 after buying an additional 47 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of RH by 4.1% in the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company's stock worth $496,000 after buying an additional 67 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

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.