RH (NYSE:RH) Holdings Boosted by Raymond James & Associates

Raymond James & Associates boosted its position in shares of RH (NYSE:RH) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,083 shares of the company’s stock after purchasing an additional 219 shares during the period. Raymond James & Associates owned 0.07% of RH worth $4,375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RH. Blue Trust Inc. grew its position in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of RH during the 2nd quarter valued at $62,000. Ameliora Wealth Management Ltd. purchased a new position in shares of RH during the 3rd quarter valued at $110,000. CWM LLC grew its holdings in shares of RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of RH by 16.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock valued at $174,000 after acquiring an additional 100 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last quarter. Insiders own 28.10% of the company’s stock.

RH Price Performance

RH stock opened at $322.77 on Friday. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 189.87, a P/E/G ratio of 1.79 and a beta of 2.43. RH has a fifty-two week low of $212.43 and a fifty-two week high of $367.00. The firm has a fifty day moving average price of $311.00 and a two-hundred day moving average price of $277.90.

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. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.93 EPS. As a group, sell-side analysts expect that RH will post 5.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on RH. JPMorgan Chase & Co. lowered their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Robert W. Baird boosted their price target on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Morgan Stanley boosted their price target on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Bank of America boosted their price target on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $331.77.

RH 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.