Sender Co & Partners Inc. Sells 2,255 Shares of RH (NYSE:RH)

Sender Co & Partners Inc. cut its position in shares of RH (NYSE:RH) by 72.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 849 shares of the company’s stock after selling 2,255 shares during the quarter. Sender Co & Partners Inc.’s holdings in RH were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RH. Creekmur Asset Management LLC bought a new stake in shares of RH during the 4th quarter worth $25,000. Quest Partners LLC purchased a new position in RH in the fourth quarter valued at about $37,000. Hollencrest Capital Management bought a new position in shares of RH during the 1st quarter valued at approximately $47,000. Ridgewood Investments LLC purchased a new stake in shares of RH during the 2nd quarter worth approximately $62,000. Finally, Tradition Wealth Management LLC increased its stake in shares of RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RH shares. JPMorgan Chase & Co. reduced their price objective on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Robert W. Baird increased their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Wedbush upped their price objective on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, Loop Capital lifted their target price on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $322.54.

Insider Buying and Selling

In other news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other RH news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

RH Price Performance

RH opened at $339.69 on Friday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 94.10, a price-to-earnings-growth ratio of 1.97 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $354.86. The company has a fifty day moving average price of $275.42 and a 200-day moving average price of $270.08.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period in the previous year, the business earned $3.93 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, analysts expect that RH will post 5.61 earnings per share for the current 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.