Creative Planning Acquires 97 Shares of RH (NYSE:RH)

Creative Planning grew its stake in shares of RH (NYSE:RH) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,426 shares of the company’s stock after buying an additional 97 shares during the quarter. Creative Planning’s holdings in RH were worth $593,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Anomaly Capital Management LP increased its stake in shares of RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares during the period. Marshall Wace LLP grew its holdings in RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after acquiring an additional 62,198 shares during the period. Victory Capital Management Inc. raised its stake in shares of 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 acquiring an additional 55,999 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of 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. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

RH stock opened at $330.07 on Monday. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The stock has a market capitalization of $6.09 billion, a P/E ratio of 91.43, a P/E/G ratio of 1.80 and a beta of 2.43. The business has a fifty day moving average price of $289.53 and a 200-day moving average price of $273.42.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million for 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% on a year-over-year basis. During the same quarter last year, the company posted $3.93 earnings per share. As a group, analysts anticipate that RH will post 5.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on RH. Bank of America lifted their price target on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company increased their price target on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Wedbush upped their target price on RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Loop Capital increased their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $290.00 price target on shares of RH in a research note on Tuesday, September 10th. Two 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $322.54.

Insider Transactions at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’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 transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were 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 directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

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.