PFG Investments LLC Sells 105 Shares of RH (NYSE:RH)

PFG Investments LLC cut its stake in shares of RH (NYSE:RH) by 10.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 886 shares of the company’s stock after selling 105 shares during the period. PFG Investments LLC’s holdings in RH were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RH. Norges Bank bought a new stake in RH during the fourth quarter valued at approximately $38,736,000. Granahan Investment Management LLC bought a new stake in shares of RH in the 4th quarter worth approximately $24,915,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 worth $31,462,000 after acquiring an additional 55,999 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of RH by 128.3% in the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock worth $33,084,000 after acquiring an additional 53,395 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RH shares. BNP Paribas upgraded shares of RH to a “hold” rating in a report on Friday, June 14th. Morgan Stanley boosted their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America boosted their price objective on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird boosted their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday. Finally, TD Cowen boosted their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $313.08.

RH Trading Up 25.5 %

Shares of RH stock opened at $321.87 on Friday. The company’s fifty day simple moving average is $263.59 and its two-hundred day simple moving average is $266.32. The company has a market cap of $5.94 billion, a P/E ratio of 89.16, a PEG ratio of 1.08 and a beta of 2.42. RH has a 12-month low of $207.26 and a 12-month high of $354.86.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.93 EPS. Analysts predict that RH will post 7.29 EPS for the current fiscal year.

Insider Buying and Selling at RH

In related news, CEO Gary G. Friedman acquired 34,200 shares of RH stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the transaction, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 28.10% of the company’s stock.

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.