Invst LLC Makes New Investment in RH (NYSE:RH)

Invst LLC bought a new stake in RH (NYSE:RH) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,249 shares of the company’s stock, valued at approximately $752,000.

A number of other institutional investors have also made changes to their positions in the business. Sender Co & Partners Inc. increased its holdings in shares of RH by 30.5% in the third quarter. Sender Co & Partners Inc. now owns 1,108 shares of the company’s stock valued at $371,000 after purchasing an additional 259 shares in the last quarter. M&T Bank Corp increased its stake in shares of RH by 46.1% in the 3rd quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock valued at $446,000 after buying an additional 421 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of RH during the third quarter worth $715,000. Hodges Capital Management Inc. lifted its stake in shares of RH by 2.4% during the third quarter. Hodges Capital Management Inc. now owns 18,155 shares of the company’s stock valued at $6,072,000 after acquiring an additional 418 shares during the period. Finally, National Bank of Canada FI boosted its holdings in RH by 2.4% in the third quarter. National Bank of Canada FI now owns 18,494 shares of the company’s stock valued at $6,185,000 after acquiring an additional 434 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Loop Capital boosted their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. StockNews.com upgraded shares of RH to a “sell” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price 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. BNP Paribas reissued an “underperform” rating and issued a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $420.00 price objective (up from $375.00) on shares of RH in a research note on Monday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $338.40.

RH Stock Down 2.7 %

RH stock opened at $386.09 on Wednesday. RH has a twelve month low of $212.43 and a twelve month high of $400.49. The company has a 50 day moving average of $343.32 and a 200-day moving average of $294.90. The stock has a market capitalization of $7.12 billion, a PE ratio of 227.11, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44.

RH (NYSE:RH) last released its 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. The firm had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 EPS. Equities analysts anticipate that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at RH

In related news, insider Stefan Duban sold 4,285 shares of the company’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 sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

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.