RH (NYSE:RH) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can grew its position in RH (NYSE:RH) by 166.8% during the second quarter, Holdings Channel.com reports. The firm owned 22,971 shares of the company’s stock after acquiring an additional 14,360 shares during the period. Bank of Montreal Can’s holdings in RH were worth $5,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in 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 in the last quarter. Anomaly Capital Management LP raised its stake in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after acquiring an additional 44,278 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in 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 acquiring an additional 55,999 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated 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 transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available 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 stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on RH. Morgan Stanley lifted their price objective on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Loop Capital lifted 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. Wells Fargo & Company lifted their target price on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, TD Cowen lifted their target price on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $322.54.

RH Trading Down 0.2 %

RH stock opened at $333.76 on Wednesday. The company has a market cap of $6.15 billion, a P/E ratio of 92.45, a P/E/G ratio of 1.93 and a beta of 2.42. RH has a 52 week low of $207.26 and a 52 week high of $354.86. The company’s 50-day moving average price is $279.61 and its 200 day moving average price is $270.92.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.93 earnings per share. On average, equities research analysts expect that RH will post 5.61 earnings per share for the current year.

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.