Rh’s Chaya Eri Sells $10.66 Million in Stock from Investing.com
Chaya Eri, president and chief creative and merchandising officer of RH (NYSE:), recently sold a significant portion of the company’s stock. According to a recent SEC filing, Eri sold a total of 23,000 shares on January 14, 2025 at selling prices between $425.35 and $429.20 per share. The transactions totaled approximately $10.66 million. The sale comes as RH stock has shown notable strength, returning 66% over the past year InvestingPro The analysis suggests that the stock may be trading above its fair value with a particularly high P/E ratio of 113.5.
Prior to these sales, Eri exercised options to purchase 25,000 shares at a price of $39.42 per share, valued at $985,500. Following these transactions, Eri owns no shares directly, but indirectly retains ownership of 23,643 shares through the Chaya-Smith Revocable Trust. These sales were conducted under a pre-arranged 10b5-1 trading plan. With RH’s market cap now at $7.95 billion and experiencing significant price volatility, investors seeking deeper insights into insider trading patterns and company valuations can access comprehensive analysis InvestingProwhich provides 12 additional key insights into RH’s financial health and market position.
In other recent news, restoration hardware has been the focus of several financial firms. Morgan Stanley (NYSE:) has changed its rating on the company, raising the stock rating from “Equalweight” to “Overweight” and increasing its price target to $530. This improvement was driven by expected growth factors, including the company’s launch of new collections, and improving macroeconomic conditions. Similarly, Telsey Advisory Group upgraded Restoration Hardware’s stock rating to “Outperform,” citing stronger-than-expected demand trends and an optimistic revenue outlook. The company also raised its price target to $500.
Meanwhile, analysts at Stifel maintained their Buy rating on Restoration Hardware shares, expressing confidence in the company’s growth potential and expected improvements in margins and cash flow. Loop Capital also adjusted its price target on the company’s shares to $450 and maintained a “Hold” rating.
These latest developments are a result of Restoration Hardware’s impressive performance, including a 13% increase in demand in the third quarter of 2024, and plans to open new stores in key European markets. The company also introduced new products, thereby contributing to market share gains. Analysts expect Restoration Hardware could achieve mid-teens revenue growth in 2025 and expect operating margins to increase to about 15% in 2025, up from 11.6% in 2024.
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