Focused Wealth Management Inc Cuts Position in RH (NYSE:RH)

Focused Wealth Management Inc reduced its stake in shares of RH (NYSE:RH) by 29.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 608 shares of the company’s stock after selling 256 shares during the quarter. Focused Wealth Management Inc’s holdings in RH were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RH. Texas Permanent School Fund Corp increased its holdings in RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after acquiring an additional 3,387 shares in the last quarter. First Hawaiian Bank lifted its stake in RH by 116.2% in the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after buying an additional 3,073 shares in the last quarter. Entropy Technologies LP acquired a new stake in RH in the 1st quarter worth about $2,200,000. Sei Investments Co. increased its stake in RH by 25.4% during the 1st quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock worth $8,341,000 after buying an additional 4,847 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of RH by 1,304.4% during the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock valued at $4,955,000 after acquiring an additional 13,214 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 0.8 %

NYSE:RH opened at $332.12 on Wednesday. RH has a 52 week low of $212.43 and a 52 week high of $367.00. The stock’s fifty day moving average is $313.14 and its two-hundred day moving average is $279.38. The company has a market capitalization of $6.12 billion, a P/E ratio of 195.37, a P/E/G ratio of 1.82 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.93 EPS. Sell-side analysts anticipate that RH will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on 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 directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on 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 sale, the insider now owns 78 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The shares were 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 approximately $3,714,034.20. This trade represents a 0.00 % 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 valued at $2,871,935 over the last quarter. 28.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RH shares. Stifel Nicolaus lifted their price target on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. 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. Wells Fargo & Company upped their target price on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Morgan Stanley raised their price target on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Finally, StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $331.77.

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.