Oppenheimer Asset Management Inc. Has $221,000 Stock Position in RH (NYSE:RH)

Oppenheimer Asset Management Inc. reduced its position in RH (NYSE:RH) by 36.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 903 shares of the company’s stock after selling 515 shares during the period. Oppenheimer Asset Management Inc.’s holdings in RH were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RH. Norges Bank acquired a new stake in RH during the 4th quarter worth $38,736,000. Wells Fargo & Company MN grew its stake in shares of RH by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 26,945 shares of the company’s stock worth $7,854,000 after purchasing an additional 891 shares during the period. Quest Partners LLC acquired a new position in RH in the fourth quarter valued at about $37,000. Steward Partners Investment Advisory LLC boosted its holdings in RH by 94.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 987 shares of the company’s stock worth $288,000 after buying an additional 479 shares during the last quarter. Finally, Otter Creek Advisors LLC grew its position in shares of RH by 3.6% during the 4th quarter. Otter Creek Advisors LLC now owns 7,149 shares of the company’s stock worth $2,085,000 after buying an additional 251 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Down 1.3 %

Shares of RH opened at $344.28 on Monday. RH has a twelve month low of $207.26 and a twelve month high of $354.86. The stock has a market capitalization of $6.35 billion, a P/E ratio of 95.37, a P/E/G ratio of 1.70 and a beta of 2.42. The company has a 50 day moving average of $272.03 and a 200-day moving average of $268.64.

RH (NYSE:RH) last released its earnings results 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. 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 the consensus estimate of $824.52 million. During the same quarter last year, the firm earned $3.93 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that RH will post 6.2 earnings per share for the current fiscal year.

Insider Activity at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the firm’s 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 completion of the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated 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 transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Stifel Nicolaus lifted their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. TD Cowen upped their price objective on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Citigroup lifted their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Wells Fargo & Company increased their price target on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $322.54.

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.