Farther Finance Advisors LLC Has $41,000 Stock Position in RH (NYSE:RH)

Farther Finance Advisors LLC trimmed its holdings in RH (NYSE:RH) by 59.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 123 shares of the company’s stock after selling 181 shares during the period. Farther Finance Advisors LLC’s holdings in RH were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in RH by 19.8% in the 3rd quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock valued at $15,812,000 after acquiring an additional 7,800 shares during the period. First Trust Direct Indexing L.P. bought a new position in shares of RH during the third quarter worth approximately $256,000. Nisa Investment Advisors LLC lifted its holdings in RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after purchasing an additional 35 shares during the last quarter. Semanteon Capital Management LP bought a new stake in RH in the 3rd quarter valued at $352,000. Finally, State of Alaska Department of Revenue grew its holdings in RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after buying an additional 60 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $310.00 to $430.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Wells Fargo & Company raised their target price on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Barclays dropped their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Finally, Morgan Stanley increased their price target on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $326.14.

Insider Transactions at RH

In other RH news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated 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 transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company’s stock.

RH Stock Performance

NYSE RH opened at $322.85 on Friday. The firm’s fifty day moving average price is $322.20 and its two-hundred day moving average price is $282.61. The stock has a market cap of $5.95 billion, a PE ratio of 189.91, a PEG ratio of 1.88 and a beta of 2.43. RH has a fifty-two week low of $212.43 and a fifty-two week high of $367.00.

RH (NYSE:RH) last issued 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 business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. RH’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.93 EPS. As a group, sell-side analysts predict that RH will post 5.67 earnings per share for the current fiscal year.

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.