FNY Investment Advisers LLC cut its holdings in shares of RH (NYSE:RH – Free Report) by 31.5% during the second quarter, Holdings Channel.com reports. The fund owned 1,172 shares of the company’s stock after selling 539 shares during the period. FNY Investment Advisers LLC’s holdings in RH were worth $221,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of RH during the 2nd quarter valued at about $865,000. Carmel Capital Partners LLC boosted its holdings in RH by 7.2% in the 2nd quarter. Carmel Capital Partners LLC now owns 5,721 shares of the company’s stock worth $1,081,000 after buying an additional 385 shares during the last quarter. WCM Investment Management LLC boosted its holdings in RH by 130.9% in the 2nd quarter. WCM Investment Management LLC now owns 105,730 shares of the company’s stock worth $20,176,000 after buying an additional 59,941 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in RH in the 2nd quarter worth about $1,712,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in RH by 103.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,426 shares of the company’s stock worth $459,000 after buying an additional 1,234 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.
RH Price Performance
RH opened at $178.90 on Thursday. The company’s 50 day simple moving average is $213.15 and its two-hundred day simple moving average is $199.64. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 0.88 and a beta of 2.23.
Insiders Place Their Bets
In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $236.13, for a total value of $472,260.00. Following the transaction, the director directly owned 24,616 shares of the company’s stock, valued at $5,812,576.08. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
RH has been the topic of several research analyst reports. TD Cowen lifted their price objective on RH from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Barclays lowered their price objective on RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of RH in a report on Friday, September 12th. Stifel Nicolaus lowered their price objective on RH from $390.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Zacks Research cut RH from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 16th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $259.29.
Get Our Latest Stock Report on RH
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.
See Also
- Five stocks we like better than RH
- How to Find Undervalued Stocks
- Archer’s Recent String of Victories Signals a New Phase of Growth
- How to Short a Stock in 5 Easy Steps
- 3 Key Stocks Boosting Buybacks Amid Improving Fundamentals
- How to Read Stock Charts for Beginners
- The Best AI for Picking Stocks, Ranked by Performance
Want to see what other hedge funds are holding RH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RH (NYSE:RH – Free Report).
Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.
