Handelsbanken Fonder AB Purchases 4,300 Shares of RH (NYSE:RH)

Handelsbanken Fonder AB raised its position in shares of RH (NYSE:RH) by 130.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,596 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in RH were worth $2,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RH. Janus Henderson Group PLC increased its stake in shares of RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares in the last quarter. Insight Advisors LLC PA increased its position in RH by 2.8% in the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock worth $504,000 after buying an additional 39 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of 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 buying an additional 40 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of RH by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock valued at $4,659,000 after buying an additional 47 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew 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 valued at $296,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

NYSE RH opened at $315.59 on Thursday. RH has a 1-year low of $207.26 and a 1-year high of $354.86. The business has a 50 day simple moving average of $286.72 and a two-hundred day simple moving average of $272.59. The stock has a market capitalization of $5.82 billion, a PE ratio of 87.42, a P/E/G ratio of 1.90 and a beta of 2.43.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $3.93 earnings per share. On average, analysts anticipate that RH will post 5.61 EPS for the current fiscal year.

Insider Transactions at RH

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 0.00 % 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RH. BNP Paribas raised shares of RH to a “hold” rating in a report on Friday, June 14th. The Goldman Sachs Group dropped their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday, June 17th. TD Cowen raised their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Loop Capital increased their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $322.54.

RH 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.