RH (NYSE:RH) Stake Raised by Blair William & Co. IL

Blair William & Co. IL boosted its stake in RH (NYSE:RH) by 1.9% in the second quarter, Holdings Channel reports. The institutional investor owned 15,327 shares of the company’s stock after acquiring an additional 287 shares during the quarter. Blair William & Co. IL’s holdings in RH were worth $3,747,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RH. Norges Bank acquired a new stake in shares of RH in the fourth quarter worth about $38,736,000. Granahan Investment Management LLC acquired a new position in RH in the 4th quarter valued at approximately $24,915,000. Price T Rowe Associates Inc. MD lifted its position in shares of RH by 10.3% in 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 period. Victory Capital Management Inc. grew its holdings in shares of RH by 77.0% during the 2nd 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 in the last quarter. Finally, Bamco Inc. NY increased its holdings in RH by 128.3% in the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after buying an additional 53,395 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Down 1.3 %

Shares of RH opened at $344.28 on Monday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42. The firm has a fifty day simple moving average of $272.03 and a 200 day simple moving average of $268.64. RH has a 12 month low of $207.26 and a 12 month high of $354.86.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for 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 firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.93 earnings per share. As a group, research analysts predict that RH will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RH. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. StockNews.com upgraded RH to a “sell” rating in a research report on Thursday. The Goldman Sachs Group reduced their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a research note on Monday, June 17th. Wedbush upped their target price on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Finally, Barclays reduced their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $322.54.

Insider Activity

In related news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction on Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares in the company, valued at $717,941,545. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of RH 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 sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

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.