RH (NYSE:RH) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of RH (NYSE:RH) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,834 shares of the company’s stock after acquiring an additional 38,572 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.00% of RH worth $61,814,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. raised 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 purchasing an additional 74 shares during the period. Ridgewood Investments LLC purchased a new position in shares of RH during the 2nd quarter valued at approximately $62,000. Ameliora Wealth Management Ltd. purchased a new position in shares of RH during the 3rd quarter valued at approximately $110,000. KBC Group NV grew its stake in RH by 25.8% in the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after acquiring an additional 93 shares during the period. Finally, CWM LLC lifted its holdings in RH by 47.2% during the third 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. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other RH 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 transaction of $707,140.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 directly owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 over the last ninety days. Corporate insiders own 28.10% of the company’s stock.

RH Stock Down 0.2 %

Shares of RH stock opened at $385.74 on Friday. The firm has a market cap of $7.11 billion, a PE ratio of 226.90, a price-to-earnings-growth ratio of 2.18 and a beta of 2.43. RH has a 52 week low of $212.43 and a 52 week high of $398.22. The business’s fifty day simple moving average is $337.50 and its 200-day simple moving average is $289.42.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share 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 analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.93 earnings per share. As a group, equities analysts expect that RH will post 5.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RH. JPMorgan Chase & Co. reduced their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. BNP Paribas reissued an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Robert W. Baird lifted their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Loop Capital raised their price objective on RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $326.14.

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.