RH (NYSE:RH) Position Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in RH (NYSE:RH) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,296 shares of the company’s stock after selling 1,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in RH were worth $961,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in RH in the third quarter worth approximately $380,000. Raymond James & Associates grew its position in RH by 3.1% in the third quarter. Raymond James & Associates now owns 9,095 shares of the company’s stock worth $2,404,000 after acquiring an additional 274 shares in the last quarter. Solstein Capital LLC acquired a new position in shares of RH during the 3rd quarter worth $53,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of RH by 19.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,098 shares of the company’s stock valued at $819,000 after purchasing an additional 509 shares in the last quarter. Finally, Deepwater Asset Management LLC lifted its stake in shares of RH by 3.7% in the 3rd quarter. Deepwater Asset Management LLC now owns 39,357 shares of the company’s stock valued at $10,404,000 after purchasing an additional 1,401 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on RH. JPMorgan Chase & Co. raised their target price on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group boosted their target price on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Robert W. Baird lifted their price target on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their target price on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $335.00 price target (up from $285.00) on shares of RH in a research report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, RH presently has an average rating of “Hold” and an average target price of $332.15.

Insider Activity at RH

In other news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by insiders.

RH Trading Up 2.3 %

Shares of RH stock opened at $248.91 on Monday. The company has a market capitalization of $4.56 billion, a P/E ratio of 44.69, a P/E/G ratio of 2.74 and a beta of 2.46. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The stock has a 50 day moving average of $275.85 and a two-hundred day moving average of $267.13.

RH (NYSE:RH) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The business had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. During the same quarter in the prior year, the firm earned $2.88 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Sell-side analysts predict that RH will post 9.08 earnings per share for the current fiscal year.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.