Vanguard Group Inc. trimmed its position in shares of RH (NYSE:RH) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 1,530,225 shares of the company’s stock after selling 34,754 shares during the quarter. Vanguard Group Inc. owned about 0.07% of RH worth $1,039,023,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of RH. Harbour Investments Inc. purchased a new position in RH during the 1st quarter worth $26,000. Meridian Wealth Partners LLC purchased a new position in RH during the 1st quarter worth $27,000. Berman Capital Advisors LLC boosted its holdings in RH by 17.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 92 shares of the company’s stock worth $62,000 after acquiring an additional 14 shares during the last quarter. Eaton Vance Management purchased a new position in RH during the 1st quarter worth $72,000. Finally, Huntington National Bank boosted its holdings in RH by 48.0% during the 2nd quarter. Huntington National Bank now owns 148 shares of the company’s stock worth $100,000 after acquiring an additional 48 shares during the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RH opened at $638.62 on Thursday. The business’s 50-day moving average price is $683.71 and its 200-day moving average price is $665.00. RH has a twelve month low of $330.64 and a twelve month high of $744.56. The stock has a market cap of $13.68 billion, a PE ratio of 37.06, a P/E/G ratio of 1.41 and a beta of 2.49. The company has a quick ratio of 0.40, a current ratio of 0.93 and a debt-to-equity ratio of 1.05.
A number of equities analysts have issued reports on RH shares. Citigroup lifted their price objective on shares of RH from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, September 9th. UBS Group lifted their target price on RH from $660.00 to $700.00 and gave the stock a “neutral” rating in a research note on Thursday, September 9th. Telsey Advisory Group lifted their target price on RH from $725.00 to $770.00 and gave the stock an “outperform” rating in a research note on Thursday, September 9th. Cowen lifted their target price on RH from $750.00 to $850.00 and gave the stock an “outperform” rating in a research note on Monday, August 16th. Finally, Wells Fargo & Company lifted their target price on RH from $725.00 to $800.00 and gave the stock an “overweight” rating in a research note on Thursday, September 9th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $730.33.
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dÃ©cor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
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