O Keefe Stevens Advisory Inc. Takes $307,000 Position in RH (NYSE:RH)

O Keefe Stevens Advisory Inc. acquired a new position in shares of RH (NYSE:RH) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 919 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Anomaly Capital Management LP lifted its stake in RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Granahan Investment Management LLC purchased a new position in RH during the 4th quarter valued at about $24,915,000. Marshall Wace LLP boosted its holdings in RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD grew its position in RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after acquiring an additional 62,198 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity at RH

In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the company’s 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 directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RH shares. Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Stifel Nicolaus raised their price target 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. TD Cowen upped their price objective on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wedbush increased their price objective on RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Finally, BNP Paribas raised RH to a “hold” rating in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $322.54.

RH Stock Down 1.6 %

RH stock opened at $322.08 on Wednesday. The business has a 50 day moving average price of $286.72 and a 200 day moving average price of $272.59. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 89.22, a PEG ratio of 1.91 and a beta of 2.43. RH has a fifty-two week low of $207.26 and a fifty-two week high of $354.86.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping 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 net margin of 1.13% and a negative return on equity of 11.29%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.93 EPS. As a group, sell-side analysts anticipate that RH will post 5.61 EPS for the current year.

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.