Kestra Private Wealth Services LLC Acquires New Holdings in RH (NYSE:RH)

Kestra Private Wealth Services LLC bought a new stake in shares of RH (NYSE:RHGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,525 shares of the company’s stock, valued at approximately $497,000.

Several other large investors have also recently bought and sold shares of RH. Advisory Services Network LLC lifted its holdings in shares of RH by 494.5% in the first quarter. Advisory Services Network LLC now owns 2,503 shares of the company’s stock valued at $816,000 after purchasing an additional 2,082 shares in the last quarter. Baader Bank INC bought a new position in RH during the first quarter valued at about $1,213,000. Nomura Holdings Inc. bought a new position in RH during the first quarter valued at about $2,568,000. Walleye Capital LLC raised its holdings in RH by 1,843.9% during the first quarter. Walleye Capital LLC now owns 8,145 shares of the company’s stock valued at $2,656,000 after buying an additional 7,726 shares in the last quarter. Finally, Pelham Capital Ltd. raised its holdings in RH by 0.4% during the first quarter. Pelham Capital Ltd. now owns 393,080 shares of the company’s stock valued at $128,179,000 after buying an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 1,224 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $261.47, for a total transaction of $320,039.28. Following the sale, the director now owns 6,915 shares of the company’s stock, valued at approximately $1,808,065.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Hilary K. Krane sold 138 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were 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 approximately $2,046,415. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 1,224 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $261.47, for a total transaction of $320,039.28. Following the transaction, the director now owns 6,915 shares of the company’s stock, valued at $1,808,065.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,678 shares of company stock valued at $4,095,954. 23.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RH shares. Robert W. Baird raised their price target on RH from $250.00 to $275.00 in a research report on Friday, September 9th. Loop Capital dropped their price target on RH from $500.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Cowen lowered their target price on RH from $450.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, June 30th. Morgan Stanley decreased their price target on RH from $350.00 to $325.00 and set an “equal weight” rating on the stock in a report on Friday, September 9th. Finally, Jefferies Financial Group reduced their target price on RH from $400.00 to $375.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, RH has a consensus rating of “Moderate Buy” and a consensus price target of $356.75.

RH Price Performance

Shares of NYSE RH opened at $265.83 on Tuesday. RH has a twelve month low of $207.37 and a twelve month high of $708.58. The stock’s 50 day moving average price is $275.97 and its 200-day moving average price is $294.45. The company has a market capitalization of $6.31 billion, a PE ratio of 9.39, a PEG ratio of 1.34 and a beta of 2.31. 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 earnings results on Thursday, September 8th. The company reported $8.08 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $1.26. The firm had revenue of $991.62 million for the quarter, compared to the consensus estimate of $969.20 million. RH had a return on equity of 67.69% and a net margin of 16.95%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.48 EPS. On average, equities analysts anticipate that RH will post 24.84 EPS for the current year.

About RH

(Get Rating)

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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