RH (NYSE:RH) Shares Purchased by Quest Partners LLC

Quest Partners LLC increased its stake in shares of RH (NYSE:RH) by 57.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 898 shares of the company’s stock after purchasing an additional 328 shares during the period. Quest Partners LLC’s holdings in RH were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after acquiring an additional 35 shares during the last quarter. Janus Henderson Group PLC raised its holdings in RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after acquiring an additional 38 shares during the last quarter. Pacer Advisors Inc. raised its holdings in RH by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after acquiring an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after acquiring an additional 47 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America increased their price objective on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. cut their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a report on Monday, September 16th. TD Cowen lifted their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus lifted their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Barclays reduced their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, RH presently has an average rating of “Hold” and a consensus target price of $326.14.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. 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 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 directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 over the last 90 days. Corporate insiders own 28.10% of the company’s stock.

RH Stock Up 5.6 %

NYSE:RH opened at $388.70 on Tuesday. The company has a fifty day simple moving average of $333.80 and a two-hundred day simple moving average of $286.73. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 228.65, a price-to-earnings-growth ratio of 2.08 and a beta of 2.43. RH has a 52 week low of $212.43 and a 52 week high of $398.22.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 earnings per share. On average, analysts expect that RH will post 5.66 EPS for the current 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.