Christina Hargarten, Chief Accounting Officer at RH (NYSE:RH), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. The transactions come as RH's stock trades near its 52-week high of $457.26, having delivered a remarkable 70% return over the past six months. On January 17, Hargarten sold a total of 5,280 shares of RH common stock. The sales occurred at prices ranging from $447.1687 to $447.5454 per share, amounting to a total transaction value of approximately $2.36 million. According to InvestingPro analysis, RH currently trades above its Fair Value, with a market capitalization of $8.21 billion.
In addition to the sales, Hargarten exercised options to acquire 4,800 shares at prices between $101.25 and $154.82 per share, totaling $542,248. Following these transactions, Hargarten's direct ownership of RH shares now stands at 484 shares.
These transactions highlight the ongoing activity by executives within the company, providing insight into their personal investment strategies and confidence in RH's market performance.
In other recent news, Restoration Hardware has seen several significant developments. TD Cowen analyst Max Rakhlenko increased the price target on Restoration Hardware shares to $510 from $500, maintaining a Buy rating. The new price target is based on 23 times the firm's forecasted FY26 earnings per share (EPS) of $21.95. TD Cowen also raised its FY25 revenue forecast for Restoration Hardware to $3.84 billion, marking a 20.3% year-over-year increase.
Morgan Stanley (NYSE:MS) upgraded the company's stock rating from Equalweight to Overweight and raised the price target to $530. This upgrade is driven by the firm's anticipation of a positive turn in the company's prospects. Similarly, Telsey Advisory Group upgraded the company's stock rating to Outperform, citing stronger-than-anticipated demand trends and an optimistic sales outlook. The firm also raised Restoration Hardware's price target to $500.
Loop Capital maintained a Hold rating on Restoration Hardware shares, but increased its price target to $450 from the previous $320. The firm highlighted the company's strong third fiscal quarter performance and its substantial investments in merchandise transformation. Stifel reiterated its Buy rating on Restoration Hardware, expressing confidence in the company's ability to grow and outperform, as indicated by recent demand trends and expected improvements in margins and cash flow. These are the latest in a series of recent developments for Restoration Hardware.
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