Stifel Financial Corp Cuts Position in RH (NYSE:RH)

Stifel Financial Corp lowered its holdings in shares of RH (NYSE:RH) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,518 shares of the company’s stock after selling 86 shares during the quarter. Stifel Financial Corp’s holdings in RH were worth $508,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in RH in the 3rd quarter worth about $100,000. Ameliora Wealth Management Ltd. purchased a new stake in RH during the 3rd quarter worth approximately $110,000. Quarry LP acquired a new position in shares of RH during the third quarter valued at approximately $141,000. Finally, KBC Group NV raised its holdings in shares of 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 last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Performance

Shares of RH stock opened at $407.00 on Friday. The stock has a 50 day moving average of $360.08 and a 200 day moving average of $305.44. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 116.95, a PEG ratio of 2.73 and a beta of 2.44. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.42) earnings per share. Analysts forecast that RH will post 5.63 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Wells Fargo & Company lifted their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price (up from $430.00) on shares of RH in a research report on Friday, December 13th. Stifel Nicolaus raised their price target on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Morgan Stanley upped their price objective on shares of RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $402.40.

Insiders Place Their Bets

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares in the company, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by insiders.

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.