World Equity Group Inc. Has $342,000 Stock Position in RH (NYSE:RH)

World Equity Group Inc. grew its stake in RH (NYSE:RH) by 16.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,023 shares of the company’s stock after acquiring an additional 143 shares during the period. World Equity Group Inc.’s holdings in RH were worth $342,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew 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 valued at $33,000 after acquiring an additional 74 shares during the period. Ridgewood Investments LLC acquired a new position in RH during the 2nd quarter worth about $62,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of RH in the third quarter valued at about $110,000. CWM LLC raised its holdings in RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after purchasing an additional 150 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of RH by 16.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock valued at $174,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Up 2.1 %

Shares of RH stock opened at $329.54 on Tuesday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 193.85, a price-to-earnings-growth ratio of 1.82 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $367.00. The stock has a 50 day simple moving average of $311.99 and a 200-day simple moving average of $278.73.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RH. TD Cowen boosted their target price 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 increased their price objective on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. StockNews.com raised shares of RH to a “sell” rating in a research report on Thursday, September 19th. Barclays cut 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. Finally, JPMorgan Chase & Co. reduced their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $331.77.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last quarter. Corporate insiders own 28.10% of the company’s stock.

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.