Janney Montgomery Scott LLC decreased its stake in shares of RH (NYSE:RH – Free Report) by 89.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,236 shares of the company’s stock after selling 10,785 shares during the period. Janney Montgomery Scott LLC’s holdings in RH were worth $234,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of RH by 146.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company’s stock valued at $934,000 after acquiring an additional 2,371 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of RH by 29.0% during the 1st quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock valued at $2,295,000 after acquiring an additional 2,198 shares during the last quarter. SWS Partners increased its holdings in shares of RH by 37.7% during the 2nd quarter. SWS Partners now owns 18,059 shares of the company’s stock valued at $3,413,000 after acquiring an additional 4,947 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of RH during the 1st quarter valued at about $9,575,000. Finally, Nixon Capital LLC increased its holdings in shares of RH by 7.8% during the 1st quarter. Nixon Capital LLC now owns 27,529 shares of the company’s stock valued at $6,453,000 after acquiring an additional 1,999 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.
RH Trading Up 3.1%
Shares of NYSE:RH opened at $179.68 on Tuesday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The firm has a market capitalization of $3.37 billion, a PE ratio of 33.46, a PEG ratio of 0.83 and a beta of 2.23. The business’s 50 day moving average is $215.52 and its 200-day moving average is $199.88.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on RH. Telsey Advisory Group lowered RH from an “outperform” rating to a “hold” rating and set a $220.00 price objective on the stock. in a report on Friday, September 12th. William Blair lowered RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Citigroup raised their target price on RH from $200.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of RH in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their target price on RH from $275.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $259.29.
Read Our Latest Stock Report on RH
Insider Activity at RH
In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the transaction, the director owned 24,616 shares in the company, valued at $5,812,576.08. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 27.00% of the stock is owned by company insiders.
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.
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