Vanguard Group Inc. Has $369.74 Million Stock Holdings in RH (NYSE:RH)

Vanguard Group Inc. decreased its position in shares of RH (NYSE:RHFree Report) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,398,634 shares of the company’s stock after selling 175,836 shares during the period. Vanguard Group Inc. owned 7.60% of RH worth $369,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of RH in the 3rd quarter valued at approximately $30,000. KB Financial Partners LLC grew its position in 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 acquiring an additional 45 shares in the last quarter. Core Wealth Advisors Inc. acquired a new position in shares of RH during the 3rd quarter worth $51,000. Solstein Capital LLC bought a new position in shares of RH during the 3rd quarter valued at $53,000. Finally, Money Concepts Capital Corp lifted its stake in shares of RH by 51.7% in the 4th quarter. Money Concepts Capital Corp now owns 217 shares of the company’s stock valued at $58,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on RH shares. Bank of America cut their target price on RH from $345.00 to $309.00 and set a “buy” rating on the stock in a report on Friday, December 8th. TD Cowen lowered their price target on RH from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, December 8th. Wells Fargo & Company reduced their price objective on shares of RH from $375.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, November 27th. Barclays raised their target price on shares of RH from $256.00 to $293.00 and gave the company an “equal weight” rating in a research note on Friday, December 8th. Finally, Telsey Advisory Group decreased their price target on shares of RH from $365.00 to $325.00 and set a “market perform” rating for the company in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $314.15.

Get Our Latest Research Report on RH

Insider Activity

In other RH news, insider Edward T. Lee sold 2,624 shares of RH stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $264.50, for a total transaction of $694,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.90% of the company’s stock.

RH Price Performance

Shares of RH stock opened at $287.31 on Tuesday. The stock has a market cap of $5.29 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 2.96 and a beta of 2.43. RH has a one year low of $207.26 and a one year high of $406.38. The stock has a fifty day moving average price of $270.21 and a 200 day moving average price of $269.57.

RH 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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