PFG Investments LLC Sells 105 Shares of RH (NYSE:RH)

PFG Investments LLC reduced its position in shares of RH (NYSE:RH) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 886 shares of the company’s stock after selling 105 shares during the period. PFG Investments LLC’s holdings in RH were worth $217,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RH. Creekmur Asset Management LLC bought a new position in shares of RH during the fourth quarter valued at about $25,000. Quest Partners LLC bought a new position in shares of RH during the fourth quarter valued at about $37,000. Hollencrest Capital Management bought a new position in shares of RH during the first quarter valued at about $47,000. Ridgewood Investments LLC bought a new position in shares of RH during the second quarter valued at about $62,000. Finally, Tradition Wealth Management LLC lifted its position in shares of RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after purchasing an additional 45 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Insider Activity at RH

In other news, CEO Gary G. Friedman acquired 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup raised their price objective on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley raised their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday. BNP Paribas upgraded shares of RH to a “hold” rating in a report on Friday, June 14th. Telsey Advisory Group restated a “market perform” rating and set a $290.00 price objective on shares of RH in a report on Tuesday. Finally, The Goldman Sachs Group decreased their price objective on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $313.08.

RH Stock Up 25.5 %

RH opened at $321.87 on Friday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 89.16, a PEG ratio of 1.08 and a beta of 2.42. The firm has a 50-day moving average price of $263.59 and a 200-day moving average price of $266.32. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $3.93 earnings per share. On average, sell-side analysts expect that RH will post 7.29 earnings per share for the current fiscal year.

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.