Daiwa Securities Group Inc. Decreases Stock Position in RH (NYSE:RH)

Daiwa Securities Group Inc. trimmed its position in shares of RH (NYSE:RH) by 51.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425 shares of the company’s stock after selling 445 shares during the quarter. Daiwa Securities Group Inc.’s holdings in RH were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Ridgewood Investments LLC bought a new stake in RH during the 2nd quarter valued at $62,000. Centaurus Financial Inc. purchased a new stake in shares of RH in the 3rd quarter worth $100,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH during the 3rd quarter worth $110,000. Finally, KBC Group NV grew its position in shares of RH by 25.8% during the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after buying an additional 93 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RH. TD Cowen boosted their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. reduced their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Citigroup increased their target price on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price target on shares of RH in a report on Tuesday, September 10th. Finally, Bank of America upped their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note 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 stock. According to MarketBeat, RH has an average rating of “Hold” and a consensus price target of $326.14.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction 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 transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company’s stock.

RH Trading Down 0.4 %

RH stock opened at $385.14 on Monday. RH has a 12-month low of $212.43 and a 12-month high of $398.22. The business’s 50-day moving average is $337.50 and its 200 day moving average is $289.36. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 226.55, a PEG ratio of 2.18 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period in the previous year, the company posted $3.93 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that RH will post 5.66 EPS for the current fiscal year.

About RH

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.