Silverlake Wealth Management LLC Sells 100 Shares of RH (NYSE:RH)

Silverlake Wealth Management LLC lessened its holdings in RH (NYSE:RH) by 12.0% during the third quarter, Holdings Channel reports. The fund owned 730 shares of the company’s stock after selling 100 shares during the period. Silverlake Wealth Management LLC’s holdings in RH were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. CWM LLC raised its stake in RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the period. O Keefe Stevens Advisory Inc. bought a new stake in RH in the 3rd quarter valued at $307,000. Handelsbanken Fonder AB raised its stake in RH by 130.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,596 shares of the company’s stock valued at $2,540,000 after acquiring an additional 4,300 shares during the period. Sanctuary Advisors LLC acquired a new position in RH in the 2nd quarter valued at $601,000. Finally, Creative Planning grew its holdings in RH by 4.2% in the 2nd quarter. Creative Planning now owns 2,426 shares of the company’s stock valued at $593,000 after buying an additional 97 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 3.7 %

NYSE:RH opened at $330.07 on Friday. The stock’s 50-day simple moving average is $289.53 and its 200 day simple moving average is $273.50. The firm has a market capitalization of $6.09 billion, a PE ratio of 194.16, a price-to-earnings-growth ratio of 1.80 and a beta of 2.43. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RH. Wells Fargo & Company upped their price objective on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Bank of America upped their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley upped their price objective on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. reduced their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Robert W. Baird increased their target price on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $322.54.

Insider Buying and Selling at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH 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 completion of 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 disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

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.