Inspire Trust Co. N.A. Acquires 400 Shares of RH (NYSE:RH)

Inspire Trust Co. N.A. increased its holdings in RH (NYSE:RH) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,065 shares of the company’s stock after purchasing an additional 400 shares during the period. Inspire Trust Co. N.A.’s holdings in RH were worth $1,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Anomaly Capital Management LP boosted its stake in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after buying an additional 18,563 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after buying an additional 38,572 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after buying an additional 64,423 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RH. Bank of America increased their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. BNP Paribas restated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday, September 19th. Telsey Advisory Group boosted their price objective on shares of RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, Robert W. Baird upped their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $345.73.

Insider Transactions at RH

In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 in the last 90 days. Corporate insiders own 28.10% of the company’s stock.

RH Price Performance

RH opened at $381.51 on Friday. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 224.42, a P/E/G ratio of 2.44 and a beta of 2.44. The business’s 50-day moving average price is $345.55 and its two-hundred day moving average price is $296.23. RH has a 1 year low of $212.43 and a 1 year high of $403.39.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the firm earned ($0.42) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

About RH

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.