Ingalls & Snyder LLC Acquires 146 Shares of RH (NYSE:RH)

Ingalls & Snyder LLC grew its holdings in shares of RH (NYSE:RH) by 3.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,981 shares of the company’s stock after buying an additional 146 shares during the period. Ingalls & Snyder LLC’s holdings in RH were worth $1,666,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of RH by 308.3% during 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 shares of RH during the second quarter valued at about $62,000. Centaurus Financial Inc. acquired a new position in shares of RH during the third quarter valued at about $100,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of RH in the 3rd quarter valued at about $110,000. Finally, KBC Group NV grew its stake in shares of RH by 25.8% in the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RH shares. Robert W. Baird boosted their price objective on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Morgan Stanley boosted their price target on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Bank of America raised their price objective on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Barclays decreased their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Finally, TD Cowen raised their price target 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, RH has a consensus rating of “Hold” and an average price target of $326.14.

Insider Activity

In other news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated 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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 in the last three months. Company insiders own 28.10% of the company’s stock.

RH Trading Down 0.0 %

RH stock opened at $379.08 on Wednesday. The stock has a market cap of $6.99 billion, a P/E ratio of 222.99, a P/E/G ratio of 2.14 and a beta of 2.44. The stock’s fifty day simple moving average is $338.87 and its two-hundred day simple moving average is $290.72. RH has a 1-year low of $212.43 and a 1-year high of $398.22.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping 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 company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the previous year, the firm earned $3.93 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that RH will post 5.66 earnings per share 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.