Bank of Montreal Can Sells 16,931 Shares of RH (NYSE:RH)

Bank of Montreal Can cut its holdings in shares of RH (NYSE:RH) by 73.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,040 shares of the company’s stock after selling 16,931 shares during the period. Bank of Montreal Can’s holdings in RH were worth $2,051,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RH. Nisa Investment Advisors LLC lifted its holdings in RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after buying an additional 35 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of RH by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in RH by 4.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in RH by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after buying an additional 60 shares during the period. Finally, Blue Trust Inc. grew its position in shares of 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 during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Down 1.4 %

Shares of RH opened at $370.72 on Friday. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 218.07, a PEG ratio of 2.15 and a beta of 2.44. RH has a 12 month low of $212.43 and a 12 month high of $398.22. The firm has a fifty day simple moving average of $340.29 and a 200 day simple moving average of $291.87.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter last year, the company earned $3.93 EPS. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts predict that RH will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stefan Duban sold 4,285 shares of RH 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 completion of the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last 90 days. 28.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RH. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Stifel Nicolaus upped their price objective on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Wells Fargo & Company boosted their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. cut their price objective on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Bank of America raised their target price on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $332.73.

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.