Sanctuary Advisors LLC Buys 1,341 Shares of RH (NYSE:RH)

Sanctuary Advisors LLC boosted its position in shares of RH (NYSE:RH) by 55.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,755 shares of the company’s stock after purchasing an additional 1,341 shares during the quarter. Sanctuary Advisors LLC’s holdings in RH were worth $1,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RH. Anomaly Capital Management LP lifted its holdings in RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares in the last quarter. Two Sigma Advisers LP lifted its position in RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares in the last quarter. Marshall Wace LLP boosted its stake in RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares during the period. Victory Capital Management Inc. increased its holdings in RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of RH by 24.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after purchasing an additional 44,278 shares during the period. 90.17% of the stock is owned by institutional investors.

RH Trading Up 2.6 %

RH opened at $398.26 on Friday. The stock’s fifty day simple moving average is $355.73 and its 200 day simple moving average is $302.38. The stock has a market cap of $7.41 billion, a PE ratio of 114.44, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the business posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts forecast that RH will post 5.63 earnings per share for the current year.

Insider Transactions at RH

In related news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred 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 SEC, which is accessible through this link. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and raised their target price for the company from $485.00 to $500.00 in a research report on Thursday. Citigroup boosted 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. Finally, Morgan Stanley raised their price objective on RH from $310.00 to $435.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $402.40.

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.