RH (NYSE:RH) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its holdings in shares of RH (NYSE:RH) by 187.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,438 shares of the company’s stock after purchasing an additional 1,591 shares during the quarter. Commonwealth Equity Services LLC’s holdings in RH were worth $596,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RH. Dimensional Fund Advisors LP boosted its stake in RH by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock worth $77,260,000 after buying an additional 15,312 shares during the period. Norges Bank acquired a new stake in shares of RH during the fourth quarter worth about $38,736,000. Wells Fargo & Company MN lifted its position in shares of RH by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 26,945 shares of the company’s stock worth $7,854,000 after purchasing an additional 891 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of RH during the fourth quarter worth about $37,000. Finally, TCW Group Inc. lifted its position in shares of RH by 8.5% during the fourth quarter. TCW Group Inc. now owns 17,349 shares of the company’s stock worth $5,057,000 after purchasing an additional 1,364 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Stifel Nicolaus increased their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Bank of America increased their price target on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Robert W. Baird increased their price target on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Finally, Wedbush increased their price target on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and a consensus target price of $322.54.

RH Stock Performance

RH stock opened at $344.38 on Friday. RH has a one year low of $207.26 and a one year high of $354.86. The business has a fifty day moving average of $272.03 and a two-hundred day moving average of $268.65. The company has a market cap of $6.35 billion, a P/E ratio of 95.40, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42.

RH (NYSE:RH) last released its quarterly 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 business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.93 EPS. Sell-side analysts predict that RH will post 6.2 EPS for the current year.

Insider Buying and Selling

In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction on Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the stock in a transaction on Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is currently owned by company insiders.

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.