Smith Thornton Advisors LLC Buys Shares of 1,158 RH (NYSE:RH)

Smith Thornton Advisors LLC bought a new stake in RH (NYSE:RH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,158 shares of the company’s stock, valued at approximately $283,000.

Several other large investors have also modified their holdings of the stock. Creekmur Asset Management LLC purchased a new stake in RH in the 4th quarter valued at approximately $25,000. Quest Partners LLC acquired a new position in RH during the fourth quarter worth about $37,000. Hollencrest Capital Management acquired a new stake in shares of RH in the 1st quarter worth approximately $47,000. Ridgewood Investments LLC purchased a new position in RH in the 2nd quarter valued at approximately $62,000. Finally, Tradition Wealth Management LLC raised its holdings in RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

RH opened at $339.69 on Friday. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 94.10, a price-to-earnings-growth ratio of 1.97 and a beta of 2.42. RH has a 12 month low of $207.26 and a 12 month high of $354.86. The business has a 50-day moving average of $275.42 and a two-hundred day moving average of $270.08.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm 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%. RH’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.93 earnings per share. Equities research analysts anticipate that RH will post 5.61 earnings per share for the current year.

Insider Transactions at RH

In other news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the firm’s 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 directly owns 78 shares in the company, valued at $27,016.86. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RH. BNP Paribas upgraded RH to a “hold” rating in a research report on Friday, June 14th. Loop Capital raised their target price on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. StockNews.com raised shares of RH to a “sell” rating in a report on Thursday, September 19th. Morgan Stanley raised their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Finally, TD Cowen upped their target price on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $322.54.

RH 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.