Sender Co & Partners Inc. Increases Holdings in RH (NYSE:RH)

Sender Co & Partners Inc. increased its position in shares of RH (NYSE:RH) by 30.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,108 shares of the company’s stock after purchasing an additional 259 shares during the quarter. Sender Co & Partners Inc.’s holdings in RH were worth $371,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RH. Blue Trust Inc. grew its position 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 purchasing an additional 74 shares during the period. Ridgewood Investments LLC acquired a new stake in RH during the second quarter worth about $62,000. Centaurus Financial Inc. purchased a new position in RH during the third quarter valued at approximately $100,000. Ameliora Wealth Management Ltd. acquired a new position in RH in the third quarter valued at approximately $110,000. Finally, Quarry LP purchased a new stake in RH in the 3rd quarter worth approximately $141,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RH shares. Citigroup increased their price target on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Loop Capital lifted their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Wells Fargo & Company increased their price target on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Barclays dropped their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and an average price target of $338.40.

RH Stock Performance

NYSE RH opened at $396.80 on Tuesday. The business has a fifty day moving average price of $342.27 and a 200 day moving average price of $293.98. The company has a market cap of $7.32 billion, a P/E ratio of 233.41, a P/E/G ratio of 2.15 and a beta of 2.44. RH has a one year low of $212.43 and a one year high of $400.49.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.93 earnings per share. As a group, sell-side analysts predict that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company’s stock.

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.