Intellectus Partners LLC Sells 450 Shares of RH (NYSE:RH)

Intellectus Partners LLC trimmed its holdings in shares of RH (NYSE:RH) by 23.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,495 shares of the company’s stock after selling 450 shares during the period. Intellectus Partners LLC’s holdings in RH were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RH. Blue Trust Inc. lifted its position in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC purchased a new position in RH during the second quarter valued at approximately $62,000. Ameliora Wealth Management Ltd. bought a new position in RH in the third quarter worth approximately $110,000. KBC Group NV lifted its holdings in RH by 25.8% during the third quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after buying an additional 93 shares during the period. Finally, CWM LLC boosted its position in RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

Shares of RH stock opened at $315.48 on Friday. The business has a fifty day moving average of $323.66 and a 200 day moving average of $282.89. RH has a 1 year low of $212.43 and a 1 year high of $367.00. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 185.58, a price-to-earnings-growth ratio of 1.84 and a beta of 2.43.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen boosted their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Loop Capital boosted their target price on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Citigroup raised their price target on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Finally, Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and increased their target price for the company from $310.00 to $430.00 in a research report on Monday, October 21st. 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, the stock presently has an average rating of “Hold” and an average target price of $326.14.

Insiders Place Their Bets

In related news, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated 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 $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by insiders.

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.