NBC Securities Inc. Trims Holdings in RH (NYSE:RH)

NBC Securities Inc. reduced its holdings in shares of RH (NYSE:RH) by 75.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249 shares of the company’s stock after selling 785 shares during the quarter. NBC Securities Inc.’s holdings in RH were worth $83,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new position in RH in the first quarter worth $47,000. Ridgewood Investments LLC acquired a new position in shares of RH in the 2nd quarter valued at about $62,000. Ameliora Wealth Management Ltd. bought a new stake in shares of RH during the 3rd quarter valued at about $110,000. CWM LLC raised its stake in RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after acquiring an additional 150 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in RH in the first quarter worth about $179,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on RH shares. Wells Fargo & Company upped their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, September 13th. StockNews.com raised RH to a “sell” rating in a report on Thursday, September 19th. TD Cowen raised their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus raised their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $322.54.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the insider now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by corporate insiders.

RH Price Performance

NYSE RH opened at $354.52 on Monday. RH has a 12 month low of $207.26 and a 12 month high of $358.79. The firm has a market capitalization of $6.54 billion, a PE ratio of 208.54, a P/E/G ratio of 1.89 and a beta of 2.43. The company’s 50 day simple moving average is $298.81 and its 200 day simple moving average is $273.82.

RH (NYSE:RH) last issued 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 company had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $3.93 EPS. Sell-side analysts anticipate that RH will post 5.61 earnings per share for the current fiscal year.

RH Company 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.