Envestnet Asset Management Inc. Grows Position in RH (NYSE:RH)

Envestnet Asset Management Inc. grew its stake in shares of RH (NYSE:RHGet Rating) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,760 shares of the company’s stock after buying an additional 392 shares during the period. Envestnet Asset Management Inc.’s holdings in RH were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RH. KB Financial Partners LLC increased its position in shares of RH by 61.6% in the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in shares of RH by 445.0% in the first quarter. Kistler Tiffany Companies LLC now owns 218 shares of the company’s stock worth $71,000 after purchasing an additional 178 shares during the last quarter. Assetmark Inc. increased its position in shares of RH by 362.7% in the second quarter. Assetmark Inc. now owns 236 shares of the company’s stock worth $50,000 after purchasing an additional 185 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of RH in the first quarter worth approximately $125,000. Finally, Venture Visionary Partners LLC bought a new position in shares of RH in the second quarter worth approximately $82,000. 83.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on RH shares. UBS Group upped their price objective on shares of RH from $240.00 to $262.00 in a research report on Friday, September 9th. StockNews.com started coverage on shares of RH in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Jefferies Financial Group cut their target price on RH from $400.00 to $375.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Morgan Stanley cut their target price on RH from $350.00 to $325.00 and set an “equal weight” rating for the company in a research note on Friday, September 9th. Finally, William Blair started coverage on RH in a research note on Wednesday, September 21st. They issued an “outperform” rating for the company. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.81.

Insider Activity

In other news, Director Hilary K. Krane sold 138 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $295.00, for a total transaction of $40,710.00. Following the completion of the transaction, the director now directly owns 6,937 shares in the company, valued at $2,046,415. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Hilary K. Krane sold 138 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $295.00, for a total transaction of $40,710.00. Following the completion of the transaction, the director now directly owns 6,937 shares in the company, valued at $2,046,415. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilary K. Krane sold 137 shares of RH stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $246.15, for a total value of $33,722.55. Following the completion of the sale, the director now owns 6,800 shares of the company’s stock, valued at $1,673,820. The disclosure for this sale can be found here. Insiders sold 14,355 shares of company stock worth $3,883,187 over the last three months. 23.40% of the stock is currently owned by corporate insiders.

RH Stock Performance

Shares of RH stock opened at $270.25 on Wednesday. The stock has a fifty day moving average of $255.83 and a 200 day moving average of $266.19. RH has a 52 week low of $207.37 and a 52 week high of $658.51. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.44 and a beta of 2.10. The company has a quick ratio of 2.49, a current ratio of 3.39 and a debt-to-equity ratio of 2.55.

RH (NYSE:RHGet Rating) last announced its quarterly earnings results on Thursday, September 8th. The company reported $8.08 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $1.27. The company had revenue of $991.62 million during the quarter, compared to analyst estimates of $969.20 million. RH had a return on equity of 67.69% and a net margin of 16.95%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $8.48 earnings per share. As a group, research analysts expect that RH will post 24.74 earnings per share 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.

Further Reading

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Institutional Ownership by Quarter for RH (NYSE:RH)

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