Bank of New York Mellon Corp Acquires 927 Shares of RH (NYSE:RH)

Bank of New York Mellon Corp raised its holdings in shares of RH (NYSE:RHGet Rating) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,152 shares of the company’s stock after acquiring an additional 927 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of RH worth $51,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sugarloaf Wealth Management LLC raised its holdings in RH by 17.9% during the 1st quarter. Sugarloaf Wealth Management LLC now owns 263 shares of the company’s stock valued at $86,000 after acquiring an additional 40 shares during the period. DAVENPORT & Co LLC grew its position in shares of RH by 2.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,499 shares of the company’s stock valued at $489,000 after purchasing an additional 40 shares in the last quarter. Raymond James & Associates grew its position in shares of RH by 0.7% during the 4th quarter. Raymond James & Associates now owns 6,271 shares of the company’s stock valued at $3,361,000 after purchasing an additional 44 shares in the last quarter. Fifth Third Bancorp grew its position in shares of RH by 79.4% during the 1st quarter. Fifth Third Bancorp now owns 113 shares of the company’s stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in shares of RH by 6.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 913 shares of the company’s stock valued at $489,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Hilary K. Krane sold 138 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $295.00, for a total value of $40,710.00. Following the completion of the transaction, the director now directly owns 6,937 shares of the company’s stock, valued at $2,046,415. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Hilary K. Krane sold 138 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $295.00, for a total value of $40,710.00. Following the completion of the transaction, the director now directly owns 6,937 shares of the company’s stock, valued at $2,046,415. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $307.56, for a total transaction of $676,632.00. Following the transaction, the insider now directly owns 2,624 shares of the company’s stock, valued at approximately $807,037.44. The disclosure for this sale can be found here. Insiders sold a total of 31,828 shares of company stock valued at $8,842,560 over the last three months. Corporate insiders own 23.40% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price target on shares of RH from $400.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. Robert W. Baird cut their target price on shares of RH from $330.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, June 30th. Loop Capital cut their target price on shares of RH from $500.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Barclays cut their target price on shares of RH from $400.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. Finally, Morgan Stanley cut their target price on shares of RH from $385.00 to $350.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, RH currently has an average rating of “Moderate Buy” and an average price target of $366.13.

RH Stock Performance

Shares of NYSE:RH opened at $252.17 on Monday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.25 and a beta of 2.33. The company has a 50-day moving average price of $271.90 and a 200-day moving average price of $308.18. The company has a current ratio of 2.50, a quick ratio of 1.90 and a debt-to-equity ratio of 1.97. RH has a 12 month low of $207.37 and a 12 month high of $733.99.

RH (NYSE:RHGet Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $7.78 EPS for the quarter, beating the consensus estimate of $5.46 by $2.32. RH had a net margin of 19.68% and a return on equity of 77.40%. The firm had revenue of $957.00 million during the quarter, compared to the consensus estimate of $924.76 million. During the same period in the prior year, the firm posted $4.89 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that RH will post 24.41 EPS for the current year.

RH Company Profile

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RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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