RH (NYSE:RH) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its position in RH (NYSE:RH) by 45.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,028 shares of the company’s stock after buying an additional 2,804 shares during the period. Ensign Peak Advisors Inc’s holdings in RH were worth $2,207,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RH. Janus Henderson Group PLC boosted its stake in shares of RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after acquiring an additional 38 shares during the last quarter. Insight Advisors LLC PA boosted its stake in RH by 2.8% during the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after purchasing an additional 39 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares in the last quarter. Tradition Wealth Management LLC grew its holdings in shares of RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after buying an additional 45 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in shares of RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after buying an additional 47 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now 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 SEC, 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 that occurred on 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on 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 owns 78 shares in the company, valued at $27,016.86. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

RH has been the subject of several research reports. Bank of America upped their price objective 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. Wedbush boosted 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. Stifel Nicolaus increased their price target on RH from $315.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 16th. TD Cowen lifted their price objective on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. dropped their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $322.54.

RH Price Performance

Shares of RH stock opened at $339.34 on Friday. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The firm has a market cap of $6.26 billion, a PE ratio of 94.00, a price-to-earnings-growth ratio of 1.96 and a beta of 2.42. The company has a 50-day moving average of $276.74 and a two-hundred day moving average of $270.56.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $3.93 EPS. Sell-side analysts anticipate that RH will post 5.61 EPS for the current fiscal year.

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.