Wellington Management Group LLP Has $13.17 Million Stock Holdings in RH (NYSE:RH)

Wellington Management Group LLP raised its position in RH (NYSE:RH) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,374 shares of the company’s stock after acquiring an additional 11,991 shares during the period. Wellington Management Group LLP’s holdings in RH were worth $13,168,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased 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 valued at $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC bought a new stake in RH in the 2nd quarter valued at $62,000. Centaurus Financial Inc. acquired a new position in shares of RH in the 3rd quarter valued at $100,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH during the 3rd quarter worth about $110,000. Finally, Quarry LP acquired a new stake in shares of RH during the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

RH opened at $446.04 on Friday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 262.38, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. The company’s 50 day simple moving average is $347.81 and its 200-day simple moving average is $297.56. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 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 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.42) earnings per share. As a group, analysts anticipate that RH will post 5.63 EPS for the current year.

Insider Buying and Selling

In other news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction on 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 $27,016.86. This trade represents a 98.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value 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. This trade represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 over the last three months. 28.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RH. Stifel Nicolaus restated a “buy” rating and set a $420.00 price target (up previously from $375.00) on shares of RH in a research note on Monday, December 9th. Bank of America raised their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target (up previously from $430.00) on shares of RH in a research note on Friday. Guggenheim increased their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BNP Paribas restated an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, RH presently has an average rating of “Hold” and an average price target of $377.07.

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.