Assetmark Inc. Increases Stake in RH (NYSE:RH)

Assetmark Inc. increased its stake in RH (NYSE:RHGet Rating) by 62.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384 shares of the company’s stock after buying an additional 148 shares during the period. Assetmark Inc.’s holdings in RH were worth $94,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in RH by 5,400.0% during the 3rd quarter. Allworth Financial LP now owns 110 shares of the company’s stock worth $27,000 after acquiring an additional 108 shares in the last quarter. Focused Wealth Management Inc grew its holdings in RH by 1,490.0% during the 2nd quarter. Focused Wealth Management Inc now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 149 shares in the last quarter. KB Financial Partners LLC grew its holdings in RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. Riverview Trust Co bought a new position in RH during the 3rd quarter worth about $39,000. Finally, Wipfli Financial Advisors LLC bought a new position in RH during the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.

RH Stock Performance

RH opened at $299.17 on Friday. RH has a 12-month low of $207.37 and a 12-month high of $441.67. 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 $7.17 billion, a PE ratio of 11.41, a P/E/G ratio of 1.23 and a beta of 2.08. The firm has a 50 day moving average of $277.40 and a two-hundred day moving average of $268.97.

RH (NYSE:RHGet Rating) last posted its earnings results on Thursday, December 8th. The company reported $5.67 earnings per share for the quarter, beating the consensus estimate of $4.72 by $0.95. The firm had revenue of $869.07 million during the quarter, compared to analyst estimates of $839.05 million. RH had a net margin of 15.29% and a return on equity of 58.93%. On average, analysts anticipate that RH will post 25.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RH shares. Jefferies Financial Group dropped their target price on shares of RH from $375.00 to $322.00 in a report on Friday, December 9th. Telsey Advisory Group lowered their price target on shares of RH from $315.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, December 9th. Wedbush cut shares of RH from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $274.00 to $270.00 in a report on Friday, November 18th. Cowen lowered their price target on shares of RH from $350.00 to $320.00 in a report on Monday, December 12th. Finally, StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $333.81.

Insider Activity

In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $319.52, for a total value of $159,760.00. Following the completion of the sale, the director now owns 6,500 shares of the company’s stock, valued at approximately $2,076,880. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $319.52, for a total value of $159,760.00. Following the completion of the sale, the director now owns 6,500 shares of the company’s stock, valued at approximately $2,076,880. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Hilary K. Krane sold 137 shares of RH stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $236.34, for a total transaction of $32,378.58. Following the sale, the director now directly owns 6,663 shares in the company, valued at approximately $1,574,733.42. The disclosure for this sale can be found here. Insiders sold a total of 448,942 shares of company stock valued at $116,290,247 in the last three months. 21.90% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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