International Assets Investment Management LLC Grows Stake in RH (NYSE:RH)

International Assets Investment Management LLC boosted its position in shares of RH (NYSE:RH) by 979.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 669 shares of the company’s stock after purchasing an additional 607 shares during the quarter. International Assets Investment Management LLC’s holdings in RH were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the period. Ridgewood Investments LLC purchased a new position in shares of RH in the 2nd quarter valued at $62,000. Ameliora Wealth Management Ltd. purchased a new position in shares of RH in the 3rd quarter valued at $110,000. CWM LLC increased its holdings in shares of RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of RH in the 1st quarter valued at $179,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was 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 owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was 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 owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last quarter. 28.10% of the stock is currently owned by company insiders.

RH Stock Performance

Shares of RH opened at $323.62 on Thursday. The stock has a market cap of $5.97 billion, a P/E ratio of 190.36, a P/E/G ratio of 1.86 and a beta of 2.43. The stock has a 50-day moving average of $314.27 and a two-hundred day moving average of $279.69. RH has a one year low of $212.43 and a one year high of $367.00.

RH (NYSE:RH) last issued its quarterly earnings data 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 analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.93 EPS. Analysts predict that RH will post 5.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Loop Capital raised their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. TD Cowen raised 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. Citigroup raised their price objective on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $331.77.

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.