Raymond James Financial Inc. Makes New Investment in RH (NYSE:RH)

Raymond James Financial Inc. purchased a new position in shares of RH (NYSE:RH) in the fourth quarter, Holdings Channel.com reports. The firm purchased 132,600 shares of the company’s stock, valued at approximately $52,190,000.

Several other institutional investors have also made changes to their positions in RH. M&T Bank Corp increased its position in RH by 46.1% during the third quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock worth $446,000 after buying an additional 421 shares during the last quarter. Invst LLC acquired a new position in shares of RH during the 3rd quarter valued at about $752,000. Virtu Financial LLC bought a new position in shares of RH in the 3rd quarter valued at approximately $4,268,000. Sanctuary Advisors LLC lifted its holdings in RH by 55.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock worth $1,382,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Blankinship & Foster LLC bought a new stake in RH during the third quarter worth approximately $846,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold 30,880 shares of company stock worth $13,890,504 in the last quarter. 28.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RH has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Telsey Advisory Group cut their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price target on RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Barclays cut their price objective on RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, StockNews.com lowered RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $278.44.

RH Stock Down 0.8 %

Shares of RH opened at $163.23 on Tuesday. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 2.65 and a beta of 2.44. The company has a 50-day moving average price of $272.33 and a two-hundred day moving average price of $338.60.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter last year, the company earned $0.72 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Equities research analysts expect that RH will post 4.39 EPS for the current fiscal year.

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.