Safe Harbor Fiduciary LLC Purchases Shares of 4,258 RH (NYSE:RH)

Safe Harbor Fiduciary LLC purchased a new stake in RH (NYSE:RH) during the third quarter, HoldingsChannel.com reports. The firm purchased 4,258 shares of the company’s stock, valued at approximately $1,424,000. RH accounts for about 1.3% of Safe Harbor Fiduciary LLC’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in RH. Anomaly Capital Management LP lifted its holdings in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after acquiring an additional 44,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Down 0.8 %

Shares of NYSE:RH opened at $376.14 on Thursday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $398.22. The firm has a 50-day simple moving average of $339.67 and a 200 day simple moving average of $291.32. The company has a market cap of $6.94 billion, a PE ratio of 221.26, a P/E/G ratio of 2.15 and a beta of 2.44.

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 net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the firm earned $3.93 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that RH will post 5.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RH shares. Loop Capital lifted their price target on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Citigroup lifted their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price target on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Morgan Stanley lifted their price target on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, RH presently has a consensus rating of “Hold” and a consensus target price of $332.73.

Insider Activity at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last quarter. Insiders own 28.10% of the company’s stock.

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.