RH (NYSE:RH) Stock Position Raised by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of RH (NYSE:RH) by 43.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,374 shares of the company’s stock after purchasing an additional 11,991 shares during the period. Wellington Management Group LLP owned approximately 0.21% of RH worth $13,168,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after buying an additional 74 shares during the period. Ridgewood Investments LLC purchased a new position in shares of RH in the second quarter worth approximately $62,000. Centaurus Financial Inc. acquired a new stake in shares of RH during the third quarter valued at approximately $100,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of RH in the 3rd quarter valued at approximately $110,000. Finally, Quarry LP acquired a new position in RH in the 3rd quarter worth approximately $141,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RH

In other RH news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by insiders.

Analyst Ratings Changes

RH has been the topic of several recent analyst reports. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research note on Friday. Robert W. Baird lifted their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday. Bank of America increased their price objective on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Wells Fargo & Company increased their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, RH presently has a consensus rating of “Hold” and an average target price of $377.07.

RH Price Performance

NYSE RH opened at $446.04 on Friday. The firm has a market cap of $8.23 billion, a P/E ratio of 262.38, a price-to-earnings-growth ratio of 2.44 and a beta of 2.44. The stock’s 50-day moving average is $347.81 and its two-hundred day moving average is $297.56. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the firm posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts expect that RH will post 5.63 EPS for the current 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.