RH (NYSE:RH) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank trimmed its position in RH (NYSE:RH) by 18.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,053 shares of the company’s stock after selling 1,594 shares during the quarter. Amalgamated Bank’s holdings in RH were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of RH in the 2nd quarter worth approximately $62,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH in the third quarter valued at approximately $110,000. CWM LLC increased its stake in shares of RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in RH by 16.3% during the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Down 1.0 %

NYSE RH opened at $329.76 on Tuesday. RH has a 12 month low of $212.43 and a 12 month high of $367.00. The company has a market capitalization of $6.08 billion, a PE ratio of 197.95, a P/E/G ratio of 1.88 and a beta of 2.43. The stock has a 50-day simple moving average of $317.43 and a 200 day simple moving average of $281.10.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $3.93 EPS. As a group, sell-side analysts predict that RH will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH 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 sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 in the last quarter. 28.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RH shares. Citigroup boosted their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Loop Capital boosted their target price on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Wells Fargo & Company raised their price objective on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. cut their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, StockNews.com raised RH to a “sell” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus target price of $331.77.

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.