RH (NYSE:RH) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its stake in shares of RH (NYSE:RHGet Rating) by 26.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,958 shares of the company’s stock after selling 3,295 shares during the quarter. Raymond James & Associates’ holdings in RH were worth $2,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RH. US Bancorp DE increased its position in RH by 13.2% during the first quarter. US Bancorp DE now owns 650 shares of the company’s stock worth $213,000 after purchasing an additional 76 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of RH by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock worth $851,000 after acquiring an additional 56 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of RH in the first quarter worth $236,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of RH by 10.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock worth $2,078,000 after acquiring an additional 622 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of RH by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 9,424 shares of the company’s stock worth $3,151,000 after acquiring an additional 728 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

RH Trading Up 2.2 %

NYSE RH opened at $299.17 on Monday. RH has a 12 month low of $207.37 and a 12 month high of $441.67. The company has a debt-to-equity ratio of 2.42, a current ratio of 3.49 and a quick ratio of 2.62. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.19 and a beta of 2.08. The company’s fifty day moving average price is $277.40 and its two-hundred day moving average price is $269.16.

RH (NYSE:RHGet Rating) last posted its quarterly earnings results on Thursday, December 8th. The company reported $5.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.95. RH had a net margin of 15.29% and a return on equity of 58.93%. The company had revenue of $869.07 million for the quarter, compared to the consensus estimate of $839.05 million. As a group, research analysts predict that RH will post 25.22 earnings per share for the current fiscal year.

Insider Transactions at RH

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $319.52, for a total value of $159,760.00. Following the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $2,076,880. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Keith Belling sold 500 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $319.52, for a total value of $159,760.00. Following the sale, the director now owns 6,500 shares of the company’s stock, valued at approximately $2,076,880. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $306.41, for a total transaction of $612,820.00. Following the completion of the sale, the director now directly owns 18,480 shares in the company, valued at approximately $5,662,456.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 448,942 shares of company stock worth $116,290,247. 21.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RH. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. Wedbush lowered shares of RH from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $274.00 to $270.00 in a research report on Friday, November 18th. Loop Capital dropped their price objective on shares of RH from $420.00 to $370.00 in a research report on Monday, December 12th. Cowen dropped their price objective on shares of RH from $350.00 to $320.00 in a research report on Monday, December 12th. Finally, The Goldman Sachs Group downgraded shares of RH from a “neutral” rating to a “sell” rating and decreased their target price for the company from $227.00 to $215.00 in a research note on Monday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, RH has a consensus rating of “Moderate Buy” and an average price target of $333.81.

About RH

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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, d├ęcor, 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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