Investors Purchase Large Volume of Call Options on RH (NYSE:RH)

RH (NYSE:RH) was the recipient of some unusual options trading on Monday. Stock traders bought 13,091 call options on the stock. This represents an increase of approximately 69% compared to the average volume of 7,733 call options.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 600 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,880 shares of company stock worth $24,550,754. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of 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. Versant Capital Management Inc grew its position in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares in the last quarter. GAMMA Investing LLC increased its stake 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 acquiring an additional 64 shares during the period. Sunbelt Securities Inc. increased its stake in RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after acquiring an additional 69 shares during the period. Finally, Rakuten Securities Inc. lifted its position in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Down 10.2 %

NYSE:RH opened at $147.78 on Wednesday. The stock has a market cap of $2.77 billion, a P/E ratio of 42.47, a PEG ratio of 2.65 and a beta of 2.44. The stock has a 50 day simple moving average of $296.11 and a 200 day simple moving average of $344.37. RH has a 1-year low of $123.03 and a 1-year high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, sell-side analysts forecast that RH will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

RH has been the topic of a number of recent research reports. Guggenheim lowered their target price on RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Barclays dropped their price objective on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Telsey Advisory Group decreased their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, April 3rd. Bank of America lowered shares of RH from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $410.00 to $130.00 in a research report on Thursday, April 3rd. Finally, Robert W. Baird decreased their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $283.94.

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.