Farther Finance Advisors LLC Has $41,000 Holdings in RH (NYSE:RH)

Farther Finance Advisors LLC trimmed its stake in shares of RH (NYSE:RH) by 59.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123 shares of the company’s stock after selling 181 shares during the period. Farther Finance Advisors LLC’s holdings in RH were worth $41,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RH. Blue Trust Inc. lifted its holdings 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 buying an additional 74 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of RH during the second quarter valued at $62,000. Ameliora Wealth Management Ltd. acquired a new position in shares of RH during the third quarter valued at $110,000. CWM LLC boosted its holdings in RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after purchasing an additional 100 shares during the period. 90.17% of the stock is owned by institutional investors.

RH Stock Performance

NYSE RH opened at $322.85 on Friday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 189.91, a PEG ratio of 1.88 and a beta of 2.43. The business has a 50 day simple moving average of $322.20 and a 200 day simple moving average of $282.61. RH has a 52-week low of $212.43 and a 52-week high of $367.00.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 1.13% and a negative return on equity of 11.29%. The firm’s 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 earnings per share. On average, analysts predict that RH will post 5.67 EPS for the current year.

Insider Activity at RH

In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RH. Bank of America upped their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Barclays cut their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. TD Cowen lifted their target price on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Loop Capital increased their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus raised their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $326.14.

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.