Comerica Bank Has $2.11 Million Stock Holdings in RH (NYSE:RH)

Comerica Bank boosted its position in shares of RH (NYSE:RHGet Rating) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,987 shares of the company’s stock after purchasing an additional 916 shares during the period. Comerica Bank’s holdings in RH were worth $2,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of RH by 5,400.0% in 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 stake in shares of RH by 1,490.0% in the second quarter. Focused Wealth Management Inc now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 149 shares during the period. KB Financial Partners LLC increased its stake in shares of RH by 61.6% in the first 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. Riverview Trust Co bought a new position in shares of RH in the third quarter worth about $39,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of RH in the third quarter worth about $44,000. Institutional investors and hedge funds own 84.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RH shares. Morgan Stanley lowered their price target on RH from $325.00 to $300.00 in a research note on Friday, December 9th. The Goldman Sachs Group downgraded RH from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $227.00 to $215.00 in a report on Monday, December 12th. Telsey Advisory Group reduced their price objective on RH from $315.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, December 9th. Cowen reduced their price objective on RH from $350.00 to $320.00 in a report on Monday, December 12th. Finally, StockNews.com raised RH from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven 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 $333.81.

RH Trading Down 2.6 %

Shares of RH stock opened at $292.70 on Friday. The firm has a 50 day moving average price of $277.24 and a two-hundred day moving average price of $268.24. The company has a quick ratio of 2.62, a current ratio of 3.49 and a debt-to-equity ratio of 2.42. The company has a market capitalization of $7.01 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.23 and a beta of 2.08. RH has a 12-month low of $207.37 and a 12-month high of $441.67.

RH (NYSE:RHGet Rating) last issued its quarterly earnings data on Thursday, December 8th. The company reported $5.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $0.95. The firm had revenue of $869.07 million during the quarter, compared to the consensus estimate of $839.05 million. RH had a net margin of 15.29% and a return on equity of 58.93%. As a group, analysts predict that RH will post 25.26 earnings per share for the current year.

Insiders Place Their Bets

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 transaction of $32,378.58. Following the completion of the sale, the director now directly 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 available at this hyperlink. In other 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 transaction of $32,378.58. Following the transaction, the director now directly owns 6,663 shares of the company’s stock, valued at $1,574,733.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward T. Lee sold 2,190 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 2,624 shares in the company, valued at $787,200. The disclosure for this sale can be found here. Insiders sold 448,942 shares of company stock worth $116,290,247 over the last three months. Insiders own 21.90% of the company’s stock.

RH Company 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, 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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