Vanguard Group Inc. Cuts Stock Holdings in RH (NYSE:RH)

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.

RH (NYSE:RH) last announced its quarterly earnings results on Tuesday, September 7th. The company reported $8.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.58 by $1.90. RH had a return on equity of 131.27% and a net margin of 15.23%. The firm had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $972.37 million. During the same period in the prior year, the business posted $4.90 earnings per share. The company’s revenue was up 39.3% on a year-over-year basis. Analysts expect that RH will post 25.9 earnings per share for the current fiscal year.

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 Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, 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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Institutional Ownership by Quarter for RH (NYSE:RH)

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