Fmr LLC Boosts Stock Position in RH (NYSE:RH)

Fmr LLC grew its holdings in RH (NYSE:RH) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 2,772,274 shares of the company’s stock after acquiring an additional 6,153 shares during the quarter. Fmr LLC owned approximately 0.15% of RH worth $927,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. grew its holdings in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Ridgewood Investments LLC bought a new position in RH in the 2nd quarter worth about $62,000. Centaurus Financial Inc. purchased a new position in shares of RH during the third quarter worth approximately $100,000. Ameliora Wealth Management Ltd. bought a new stake in shares of RH during the third quarter valued at approximately $110,000. Finally, KBC Group NV boosted its holdings in shares of RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after purchasing an additional 93 shares during the period. 90.17% of the stock is currently owned by institutional investors.

RH Stock Performance

RH stock opened at $386.56 on Thursday. RH has a one year low of $212.43 and a one year high of $398.22. The stock has a market cap of $7.13 billion, a PE ratio of 227.39, a price-to-earnings-growth ratio of 2.20 and a beta of 2.43. The stock has a 50-day moving average of $335.92 and a two-hundred day moving average of $288.08.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Wedbush raised RH from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Citigroup lifted their price objective on RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, StockNews.com upgraded shares of RH to a “sell” rating in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $326.14.

Insider Activity at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock valued at $2,871,935 in the last ninety days. Company insiders own 28.10% of the company’s stock.

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.