Thrivent Financial for Lutherans Sells 213 Shares of RH (NYSE:RH)

Thrivent Financial for Lutherans reduced its stake in RH (NYSE:RH) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,510 shares of the company’s stock after selling 213 shares during the quarter. Thrivent Financial for Lutherans’ holdings in RH were worth $1,174,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC acquired a new position in RH during the 2nd quarter worth $62,000. Ameliora Wealth Management Ltd. acquired a new position in RH during the 3rd quarter worth $110,000. KBC Group NV boosted its holdings in RH by 25.8% during the third 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 grew its position in shares of RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of RH 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 transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred 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 owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RH. Citigroup boosted their price objective on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price target on shares of RH in a report on Tuesday, September 10th. BNP Paribas reissued an “underperform” rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. StockNews.com raised shares of RH to a “sell” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus upped their target price on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average target price of $326.14.

RH Stock Down 0.4 %

NYSE RH opened at $385.14 on Monday. RH has a twelve month low of $212.43 and a twelve month high of $398.22. The stock has a market cap of $7.10 billion, a P/E ratio of 226.55, a PEG ratio of 2.18 and a beta of 2.43. The company’s 50-day simple moving average is $337.50 and its 200 day simple moving average is $289.36.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.93 earnings per share. Research analysts anticipate that RH will post 5.66 earnings per share for the current 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.