Stifel Financial Corp Cuts Holdings in RH (NYSE:RH)

Stifel Financial Corp lowered its stake in RH (NYSE:RH) by 5.4% during the third quarter, Holdings Channel.com reports. The firm owned 1,518 shares of the company’s stock after selling 86 shares during the quarter. Stifel Financial Corp’s holdings in RH were worth $508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RH. Anomaly Capital Management LP raised its holdings in RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares in the last quarter. Marshall Wace LLP increased its position in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after purchasing an additional 64,423 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of RH by 77.0% in the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after purchasing an additional 55,999 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

Shares of NYSE:RH opened at $407.00 on Friday. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The stock has a market cap of $7.57 billion, a P/E ratio of 116.95, a P/E/G ratio of 2.73 and a beta of 2.44. The firm has a fifty day moving average price of $360.08 and a 200 day moving average price of $305.44.

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

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. 28.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays dropped their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Citigroup raised their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Robert W. Baird upped their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and increased their price target for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Morgan Stanley boosted their price objective on shares of RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $402.40.

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.