RH (NYSE:RH) Stock Holdings Lessened by Rhumbline Advisers

Rhumbline Advisers lowered its stake in RH (NYSE:RHFree Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,600 shares of the company’s stock after selling 1,367 shares during the period. Rhumbline Advisers owned approximately 0.25% of RH worth $13,541,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of RH by 5.6% in the third quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock valued at $457,623,000 after buying an additional 98,713 shares in the last quarter. Durable Capital Partners LP increased its holdings in shares of RH by 2.6% in the first quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock valued at $220,960,000 after buying an additional 17,196 shares in the last quarter. Morgan Stanley increased its holdings in shares of RH by 145.6% in the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock valued at $158,864,000 after buying an additional 352,456 shares in the last quarter. State Street Corp increased its holdings in shares of RH by 10.1% in the third quarter. State Street Corp now owns 502,349 shares of the company’s stock valued at $123,613,000 after buying an additional 45,954 shares in the last quarter. Finally, Pelham Capital Ltd. increased its holdings in shares of RH by 0.4% in 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 own 84.47% of the company’s stock.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $305.24, for a total transaction of $610,480.00. Following the completion of the transaction, the director now owns 14,480 shares of the company’s stock, valued at approximately $4,419,875.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $305.24, for a total transaction of $610,480.00. Following the completion of the transaction, the director now owns 14,480 shares of the company’s stock, valued at approximately $4,419,875.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 1,400 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $300.00, for a total transaction of $420,000.00. Following the transaction, the insider now directly owns 2,624 shares of the company’s stock, valued at approximately $787,200. The disclosure for this sale can be found here. Insiders sold a total of 6,400 shares of company stock valued at $1,845,170 in the last quarter. Insiders own 23.90% of the company’s stock.

RH Trading Up 4.3 %

Shares of NYSE:RH opened at $380.93 on Friday. The stock has a market capitalization of $8.40 billion, a PE ratio of 25.19, a P/E/G ratio of 2.96 and a beta of 2.19. The company has a current ratio of 2.91, a quick ratio of 2.01 and a debt-to-equity ratio of 3.70. RH has a 1 year low of $227.00 and a 1 year high of $406.38. The firm has a fifty day moving average price of $362.20 and a 200 day moving average price of $297.86.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RH. 51job reiterated a “maintains” rating on shares of RH in a research report on Thursday, June 29th. Citigroup lifted their price objective on shares of RH from $330.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. StockNews.com began coverage on shares of RH in a report on Thursday, August 17th. They set a “hold” rating on the stock. Bank of America boosted their price target on shares of RH from $360.00 to $425.00 in a report on Friday, July 14th. Finally, Morgan Stanley boosted their price target on shares of RH from $260.00 to $355.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $322.20.

View Our Latest Analysis on RH

RH Company Profile

(Free Report)

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, d├ęcor, outdoor and garden, and child and teen furnishings.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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