Fmr LLC Increases Stock Position in RH (NYSE:RH)

Fmr LLC increased its stake in shares of RH (NYSE:RH) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,772,274 shares of the company’s stock after purchasing an additional 6,153 shares during the period. Fmr LLC owned approximately 15.03% of RH worth $927,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its stake in shares of RH by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after purchasing an additional 35 shares during the period. Janus Henderson Group PLC increased its holdings in RH by 0.4% during the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after buying an additional 38 shares during the last quarter. Pacer Advisors Inc. raised its position in RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after acquiring an additional 40 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after acquiring an additional 47 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of RH by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after acquiring an additional 60 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Trading Up 0.2 %

Shares of RH stock opened at $386.56 on Thursday. The stock’s 50-day moving average price is $335.92 and its 200-day moving average price is $288.08. RH has a 12-month low of $212.43 and a 12-month high of $398.22. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 227.39, a price-to-earnings-growth ratio of 2.20 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings data 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. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same period in the prior year, the firm earned $3.93 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts predict that RH will post 5.66 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction 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 completion of the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 over the last 90 days. 28.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on RH. Loop Capital lifted their target price on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Robert W. Baird lifted their price target on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday, September 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $326.14.

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.