US Bancorp DE Decreases Position in RH (NYSE:RH)

US Bancorp DE reduced its stake in shares of RH (NYSE:RH) by 47.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 247 shares of the company’s stock after selling 223 shares during the quarter. US Bancorp DE’s holdings in RH were worth $83,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in RH by 308.3% in 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 in the second quarter worth about $62,000. Ameliora Wealth Management Ltd. purchased a new position in RH in the third quarter valued at about $110,000. CWM LLC grew its stake in RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after purchasing an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in RH by 16.3% during the 2nd 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 last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. Citigroup boosted their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Barclays reduced their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. TD Cowen boosted their price objective on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Loop Capital increased their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $326.14.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH 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 sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company’s stock.

RH Stock Down 2.2 %

RH stock opened at $315.70 on Friday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $367.00. The stock has a market cap of $5.82 billion, a PE ratio of 185.71, a price-to-earnings-growth ratio of 1.84 and a beta of 2.43. The firm’s 50-day simple moving average is $325.01 and its 200 day simple moving average is $283.31.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period last year, the firm posted $3.93 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that RH will post 5.67 EPS for the current fiscal year.

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.