RH (NYSE:RH) Stock Holdings Raised by Xcel Wealth Management LLC

Xcel Wealth Management LLC increased its stake in shares of RH (NYSE:RH) by 1.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 124,550 shares of the company’s stock after acquiring an additional 1,612 shares during the period. RH makes up approximately 12.2% of Xcel Wealth Management LLC’s holdings, making the stock its largest holding. Xcel Wealth Management LLC’s holdings in RH were worth $41,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venture Visionary Partners LLC raised its stake in shares of RH by 27.8% during the third quarter. Venture Visionary Partners LLC now owns 7,459 shares of the company’s stock valued at $2,495,000 after purchasing an additional 1,622 shares during the period. Allspring Global Investments Holdings LLC increased its stake in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after buying an additional 18,563 shares during the period. Raymond James & Associates lifted its holdings in RH by 1.7% in the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock worth $4,375,000 after buying an additional 219 shares in the last quarter. Blue Trust Inc. boosted its position in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of RH during the third quarter valued at about $110,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wedbush upgraded RH from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $310.00 to $430.00 in a research note on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. JPMorgan Chase & Co. decreased their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Robert W. Baird upped their price target on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, Barclays decreased their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $331.77.

RH Price Performance

Shares of NYSE:RH traded down $6.10 during trading on Tuesday, reaching $340.77. 361,654 shares of the company’s stock traded hands, compared to its average volume of 729,567. The stock has a market capitalization of $6.28 billion, a P/E ratio of 204.00, a price-to-earnings-growth ratio of 2.02 and a beta of 2.43. RH has a 12 month low of $207.26 and a 12 month high of $367.00. The company has a 50 day moving average of $300.84 and a 200-day moving average of $274.27.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.93 earnings per share. Equities research analysts predict that RH will post 5.61 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by insiders.

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.