RH (NYSE:RH) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in RH (NYSE:RH) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 944 shares of the company’s stock after buying an additional 111 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in RH were worth $316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RH. Blue Trust Inc. raised its holdings in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC acquired a new position in RH in the 2nd quarter worth about $62,000. Ameliora Wealth Management Ltd. acquired a new position in RH in the 3rd quarter worth about $110,000. CWM LLC raised its holdings in RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after purchasing an additional 150 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in RH by 979.0% in the 3rd quarter. International Assets Investment Management LLC now owns 669 shares of the company’s stock worth $224,000 after purchasing an additional 607 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

RH stock opened at $333.13 on Monday. The business has a 50 day simple moving average of $317.43 and a 200-day simple moving average of $280.90. The firm has a market capitalization of $6.14 billion, a PE ratio of 195.96, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43. RH has a 1 year low of $212.43 and a 1 year high of $367.00.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $824.52 million. During the same period in the prior year, the business earned $3.93 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that RH will post 5.67 EPS for the current year.

Insider Activity at RH

In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RH. Morgan Stanley upped their price target on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Robert W. Baird upped their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Barclays cut their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their price objective on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $331.77.

RH 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.