Janney Montgomery Scott LLC Buys 532 Shares of RH (NYSE:RH)

Janney Montgomery Scott LLC raised its stake in shares of RH (NYSE:RH – Get Rating) by 39.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,876 shares of the company’s stock after acquiring an additional 532 shares during the period. Janney Montgomery Scott LLC’s holdings in RH were worth $462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RH. US Bancorp DE lifted its stake in shares of RH by 5.8% in the 2nd quarter. US Bancorp DE now owns 688 shares of the company’s stock worth $145,000 after purchasing an additional 38 shares during the period. Lincoln Capital LLC lifted its stake in shares of RH by 1.2% in the 2nd quarter. Lincoln Capital LLC now owns 3,567 shares of the company’s stock worth $757,000 after purchasing an additional 44 shares during the period. KB Financial Partners LLC lifted its stake in shares of RH by 61.6% in the 1st 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 period. Malaga Cove Capital LLC lifted its stake in shares of RH by 2.4% in the 2nd quarter. Malaga Cove Capital LLC now owns 2,134 shares of the company’s stock worth $451,000 after purchasing an additional 50 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of RH by 1.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 2,944 shares of the company’s stock worth $625,000 after purchasing an additional 56 shares during the period. Institutional investors own 84.16% of the company’s stock.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,190 shares of RH stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $300.00, for a total transaction of $657,000.00. Following the completion of the sale, the insider now directly owns 2,624 shares in the company, valued at $787,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Keith Belling sold 500 shares of the stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $319.52, for a total transaction of $159,760.00. Following the completion of 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,190 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $300.00, for a total value of $657,000.00. Following the transaction, the insider now directly owns 2,624 shares in the company, valued at approximately $787,200. The disclosure for this sale can be found here. Insiders sold a total of 448,805 shares of company stock worth $116,257,868 over the last three months. 21.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RH has been the topic of several recent research reports. UBS Group increased their price objective on shares of RH from $262.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, December 2nd. Loop Capital reduced their target price on shares of RH from $420.00 to $370.00 in a report on Monday, December 12th. Telsey Advisory Group reduced their target price on shares of RH from $315.00 to $310.00 and set an “outperform” rating for the company in a report on Friday, December 9th. Morgan Stanley reduced their target price on shares of RH from $325.00 to $300.00 in a report on Friday, December 9th. Finally, Jefferies Financial Group reduced their target price on shares of RH from $375.00 to $322.00 in a report on Friday, December 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $333.81.

RH Trading Up 4.0 %

RH stock opened at $311.22 on Tuesday. The firm has a fifty day moving average price of $277.92 and a 200 day moving average price of $269.55. RH has a fifty-two week low of $207.37 and a fifty-two week high of $441.67. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.62 and a current ratio of 3.49. The firm has a market cap of $7.45 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.19 and a beta of 2.08.

RH (NYSE:RH – Get Rating) last posted its earnings results on Thursday, December 8th. The company reported $5.67 earnings per share for the quarter, beating 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 firm had revenue of $869.07 million during the quarter, compared to analyst estimates of $839.05 million. Sell-side analysts anticipate that RH will post 25.22 earnings per share for the current fiscal year.

RH 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.