Carmel Capital Partners LLC Sells 347 Shares of RH (NYSE:RH)

Carmel Capital Partners LLC trimmed its holdings in shares of RH (NYSE:RH) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,690 shares of the company’s stock after selling 347 shares during the quarter. RH accounts for approximately 0.7% of Carmel Capital Partners LLC’s holdings, making the stock its 23rd biggest holding. Carmel Capital Partners LLC’s holdings in RH were worth $1,903,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. World Equity Group Inc. increased its stake in RH by 16.3% in the 3rd quarter. World Equity Group Inc. now owns 1,023 shares of the company’s stock worth $342,000 after buying an additional 143 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of RH by 19.8% in the third quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock valued at $15,812,000 after purchasing an additional 7,800 shares during the period. First Trust Direct Indexing L.P. bought a new position in RH in the third quarter worth approximately $256,000. Nisa Investment Advisors LLC raised its position in 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 in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of RH in the 3rd quarter worth $352,000. Institutional investors own 90.17% of the company’s stock.

RH Stock Down 0.0 %

NYSE:RH opened at $333.13 on Friday. RH has a 52 week low of $212.43 and a 52 week high of $367.00. The stock’s 50-day moving average price is $317.43 and its 200-day moving average price is $280.67. The stock has a market capitalization of $6.14 billion, a PE ratio of 196.11, a price-to-earnings-growth ratio of 1.82 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating 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 company had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period last year, the company earned $3.93 earnings per share. RH’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that RH will post 5.67 earnings per share for the current fiscal year.

Insider Transactions at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the firm’s 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 completion of the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 over the last 90 days. Corporate insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Citigroup upped their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $310.00 to $430.00 in a report on Monday, October 21st. Robert W. Baird upped their target price on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Finally, StockNews.com upgraded RH to a “sell” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, RH currently has an average rating of “Hold” and an average price target of $331.77.

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.