The Manufacturers Life Insurance Company Sells 218 Shares of RH (NYSE:RH)

The Manufacturers Life Insurance Company trimmed its holdings in shares of RH (NYSE:RH) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,987 shares of the company’s stock after selling 218 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of RH worth $3,175,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the last quarter. Anomaly Capital Management LP boosted its position in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after acquiring an additional 44,278 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

RH Price Performance

Shares of RH stock opened at $322.08 on Wednesday. The business has a fifty day simple moving average of $286.72 and a two-hundred day simple moving average of $272.59. RH has a 1 year low of $207.26 and a 1 year high of $354.86. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 89.22, a P/E/G ratio of 1.91 and a beta of 2.43.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million during 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 quarter last year, the firm posted $3.93 EPS. As a group, equities analysts anticipate that RH will post 5.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction 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 transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction 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 owns 78 shares in the company, valued at $27,016.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on RH. Stifel Nicolaus upped their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. BNP Paribas raised RH to a “hold” rating in a research report on Friday, June 14th. Barclays cut their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Robert W. Baird increased their price objective on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut their price objective on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $322.54.

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.