Mercer Global Advisors Inc. ADV Increases Holdings in RH (NYSE:RH)

Mercer Global Advisors Inc. ADV increased its stake in RH (NYSE:RH) by 4.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,212 shares of the company’s stock after buying an additional 47 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in RH were worth $296,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RH. Granahan Investment Management LLC bought a new position in shares of RH during the 4th quarter valued at approximately $24,915,000. Price T Rowe Associates Inc. MD grew its stake in shares of RH by 10.3% during 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. lifted its holdings in RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after purchasing an additional 55,999 shares during the last quarter. Bamco Inc. NY boosted its position in RH by 128.3% during the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock worth $33,084,000 after purchasing an additional 53,395 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of RH by 24.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after purchasing an additional 44,278 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

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

RH Trading Down 0.1 %

Shares of NYSE RH opened at $339.50 on Monday. The stock’s 50-day moving average is $278.07 and its 200 day moving average is $270.85. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 94.04, a P/E/G ratio of 1.96 and a beta of 2.42. RH has a 1-year low of $207.26 and a 1-year high of $354.86.

RH (NYSE:RH) last announced its quarterly earnings data 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. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same period in the previous year, the business posted $3.93 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that RH will post 5.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup boosted their target price on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. StockNews.com upgraded RH to a “sell” rating in a research note on Thursday, September 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Wells Fargo & Company raised their price objective on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, The Goldman Sachs Group decreased their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $322.54.

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.