Cwm LLC Boosts Stake in RH (NYSE:RH)

Cwm LLC boosted its position in shares of RH (NYSE:RH) by 47.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 468 shares of the company’s stock after buying an additional 150 shares during the period. Cwm LLC’s holdings in RH were worth $157,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares during the last quarter. Insight Advisors LLC PA boosted its position in RH by 2.8% during the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after purchasing an additional 39 shares in the last quarter. Pacer Advisors Inc. boosted its stake in RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after acquiring an additional 40 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of RH by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after acquiring an additional 47 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In related news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Stefan Duban sold 4,285 shares of the firm’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 owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company’s stock.

RH Trading Down 3.4 %

Shares of RH stock opened at $325.43 on Thursday. RH has a 52 week low of $207.26 and a 52 week high of $367.00. The company has a market cap of $6.00 billion, a PE ratio of 191.43, a P/E/G ratio of 2.02 and a beta of 2.43. The company’s fifty day simple moving average is $303.76 and its 200-day simple moving average is $275.04.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on RH shares. Morgan Stanley lifted their target price on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Telsey Advisory Group restated a “market perform” rating and issued a $290.00 price target on shares of RH in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price objective 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. Barclays decreased their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price target on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $331.77.

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.