RH (NYSE:RH) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its stake in RH (NYSE:RH) by 18.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,711 shares of the company’s stock after acquiring an additional 1,512 shares during the period. Ieq Capital LLC owned 0.05% of RH worth $2,374,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in RH by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after purchasing an additional 38 shares during the period. Insight Advisors LLC PA grew its position in shares of RH by 2.8% during the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after acquiring an additional 39 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in shares of RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the period. Texas Permanent School Fund Corp lifted its position in RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after purchasing an additional 47 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the period. 90.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RH has been the topic of a number of recent analyst reports. Wedbush lifted their price target on RH from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Morgan Stanley lifted their target price on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. TD Cowen increased their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. StockNews.com upgraded shares of RH to a “sell” rating in a research note on Thursday. Finally, Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $322.54.

Insider Activity at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by corporate insiders.

RH Price Performance

RH stock opened at $344.28 on Friday. The firm has a market cap of $6.35 billion, a PE ratio of 95.37, a P/E/G ratio of 1.70 and a beta of 2.42. RH has a 12 month low of $207.26 and a 12 month high of $354.86. The firm has a 50 day simple moving average of $272.03 and a 200 day simple moving average of $268.65.

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