MAI Capital Management Sells 197 Shares of RH (NYSE:RH)

MAI Capital Management cut its position in RH (NYSE:RH) by 13.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,278 shares of the company’s stock after selling 197 shares during the quarter. MAI Capital Management’s holdings in RH were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RH. Price T Rowe Associates Inc. MD raised its position in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares in the last quarter. Anomaly Capital Management LP increased its stake in RH by 503.6% during the 2nd 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 during the period. Dimensional Fund Advisors LP increased its stake in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in RH by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after acquiring an additional 18,563 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the period. 90.17% of the stock is currently owned by institutional investors.

RH Trading Up 6.8 %

Shares of RH stock opened at $368.04 on Friday. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 216.49, a PEG ratio of 1.83 and a beta of 2.43. The business’s 50-day moving average price is $331.70 and its 200-day moving average price is $285.35. RH has a 12 month low of $212.43 and a 12 month high of $370.96.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period last year, the company earned $3.93 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 5.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last three months. Insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

RH has been the subject of a number of analyst reports. TD Cowen boosted their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Robert W. Baird upped their price target on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. reduced their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $326.14.

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.