Thrivent Financial for Lutherans Sells 213 Shares of RH (NYSE:RH)

Thrivent Financial for Lutherans decreased its position in shares of RH (NYSE:RH) by 5.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,510 shares of the company’s stock after selling 213 shares during the quarter. Thrivent Financial for Lutherans’ holdings in RH were worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after acquiring an additional 35 shares during the last quarter. Janus Henderson Group PLC increased its position in RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares during the period. Pacer Advisors Inc. raised its holdings in RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after purchasing an additional 60 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on 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 owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, 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 have sold a total of 8,285 shares of company stock worth $2,871,935 over the last ninety days. Company insiders own 28.10% of the company’s stock.

RH Price Performance

Shares of RH stock opened at $385.14 on Monday. RH has a 1 year low of $212.43 and a 1 year high of $398.22. The company has a market capitalization of $7.10 billion, a P/E ratio of 226.55, a price-to-earnings-growth ratio of 2.18 and a beta of 2.43. The business has a 50-day moving average of $337.50 and a two-hundred day moving average of $289.36.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period in the prior year, the business earned $3.93 EPS. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 5.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RH. Wells Fargo & Company boosted 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. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $310.00 to $430.00 in a report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. BNP Paribas restated an “underperform” rating and issued a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Finally, Citigroup upped their price objective on RH from $340.00 to $355.00 and gave the company a “buy” rating in a 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH currently has an average rating of “Hold” and a consensus target price of $326.14.

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.