GM Advisory Group LLC Sells 245 Shares of RH (NYSE:RH)

GM Advisory Group LLC lowered its position in shares of RH (NYSE:RH) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 905 shares of the company’s stock after selling 245 shares during the quarter. GM Advisory Group LLC’s holdings in RH were worth $221,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in shares of RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares in the last quarter. Findell Capital Management LLC acquired a new position in shares of RH during the fourth quarter valued at about $5,247,000. First Hawaiian Bank increased its position in shares of RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after acquiring an additional 3,073 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of RH during the first quarter worth about $2,200,000. Finally, Artemis Investment Management LLP bought a new stake in shares of RH during the first quarter worth about $4,637,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent research reports. Barclays decreased their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. The Goldman Sachs Group decreased their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a research report on Monday, June 17th. Stifel Nicolaus boosted their target price on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. TD Cowen boosted their target price on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company boosted their target price on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, RH has a consensus rating of “Hold” and an average target price of $322.54.

RH Stock Down 1.3 %

RH opened at $344.38 on Friday. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 95.40, a PEG ratio of 1.70 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $354.86. The company’s 50-day moving average price is $272.03 and its two-hundred day moving average price is $268.65.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.93 earnings per share. As a group, sell-side analysts anticipate that RH will post 6.2 earnings per share for the current year.

Insider Buying and Selling at RH

In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now owns 10,914 shares in the company, valued at $3,714,034.20. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

RH Company Profile

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.