Handelsbanken Fonder AB Grows Stock Holdings in RH (NYSE:RH)

Handelsbanken Fonder AB lifted its position in RH (NYSE:RH) by 130.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,596 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in RH were worth $2,540,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of RH. Creekmur Asset Management LLC purchased a new stake in RH during the fourth quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in RH during the 1st quarter valued at about $47,000. Ridgewood Investments LLC bought a new position in RH during the 2nd quarter worth approximately $62,000. Daiwa Securities Group Inc. purchased a new position in RH in the 1st quarter worth approximately $179,000. Finally, Lincoln Capital LLC bought a new stake in RH in the first quarter valued at approximately $220,000. 90.17% of the stock is currently owned by institutional investors.

RH Stock Down 2.0 %

NYSE RH opened at $315.59 on Thursday. The firm has a market capitalization of $5.82 billion, a PE ratio of 87.42, a P/E/G ratio of 1.90 and a beta of 2.43. The stock’s 50 day moving average is $286.72 and its 200 day moving average is $272.59. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the prior year, the firm earned $3.93 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that RH will post 5.61 earnings per share for the current year.

Insider Activity

In other RH news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other RH news, insider Stefan Duban sold 4,285 shares of the firm’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 in the company, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RH shares. Barclays decreased their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Morgan Stanley boosted their price objective on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Loop Capital increased their target price on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Robert W. Baird boosted their price target on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, Bank of America increased their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Two equities research 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 has an average rating of “Hold” and a consensus price target of $322.54.

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.