AE Wealth Management LLC Has $831,000 Stake in RH (NYSE:RH)

AE Wealth Management LLC trimmed its position in shares of RH (NYSE:RH – Get Rating) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,376 shares of the company’s stock after selling 80 shares during the period. AE Wealth Management LLC’s holdings in RH were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RH. Allworth Financial LP increased its holdings in RH by 5,400.0% during the third quarter. Allworth Financial LP now owns 110 shares of the company’s stock worth $27,000 after buying an additional 108 shares during the last quarter. Focused Wealth Management Inc increased its holdings in RH by 1,490.0% during the second quarter. Focused Wealth Management Inc now owns 159 shares of the company’s stock worth $34,000 after buying an additional 149 shares during the last quarter. KB Financial Partners LLC increased its holdings in RH by 61.6% during the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after buying an additional 45 shares during the last quarter. Assetmark Inc. increased its holdings in RH by 362.7% during the second quarter. Assetmark Inc. now owns 236 shares of the company’s stock worth $50,000 after buying an additional 185 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its holdings in RH by 33.0% during the second quarter. Kistler Tiffany Companies LLC now owns 290 shares of the company’s stock worth $62,000 after buying an additional 72 shares during the last quarter. 84.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on RH. Loop Capital reduced their price objective on shares of RH from $420.00 to $370.00 in a research report on Monday, December 12th. Cowen reduced their price objective on shares of RH from $350.00 to $320.00 in a research report on Monday, December 12th. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. Citigroup reduced their price objective on shares of RH from $338.00 to $305.00 in a research report on Monday, October 31st. Finally, Morgan Stanley reduced their price objective on shares of RH from $325.00 to $300.00 in a research report on Friday, December 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $333.81.

Insider Buying and Selling at RH

In other RH news, Director Hilary K. Krane sold 137 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $236.34, for a total value of $32,378.58. Following the sale, the director now owns 6,663 shares in the company, valued at $1,574,733.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Eri Chaya sold 30,000 shares of the firm’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $256.71, for a total transaction of $7,701,300.00. Following the completion of the transaction, the insider now owns 23,643 shares of the company’s stock, valued at $6,069,394.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilary K. Krane sold 137 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $236.34, for a total transaction of $32,378.58. Following the transaction, the director now directly owns 6,663 shares of the company’s stock, valued at approximately $1,574,733.42. The disclosure for this sale can be found here. Insiders have sold 438,442 shares of company stock worth $112,972,987 over the last quarter. Corporate insiders own 21.90% of the company’s stock.

RH Stock Performance

NYSE RH opened at $319.41 on Friday. The company has a current ratio of 3.49, a quick ratio of 2.62 and a debt-to-equity ratio of 2.42. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.19 and a beta of 2.08. The firm’s 50 day simple moving average is $272.76 and its 200 day simple moving average is $265.79. RH has a 1 year low of $207.37 and a 1 year high of $475.96.

RH (NYSE:RH – Get Rating) last issued 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 for the quarter, compared to analyst estimates of $839.05 million. As a group, research analysts expect that RH will post 25.24 earnings per share for the current fiscal year.

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, 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.