Intellectus Partners LLC Reduces Stock Holdings in RH (NYSE:RH)

Intellectus Partners LLC lowered its holdings in shares of RH (NYSE:RH) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,495 shares of the company’s stock after selling 450 shares during the quarter. Intellectus Partners LLC’s holdings in RH were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new position in RH during the second quarter valued at $62,000. Ameliora Wealth Management Ltd. bought a new stake in RH during the third quarter valued at about $110,000. KBC Group NV grew its stake in shares of RH by 25.8% during the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after acquiring an additional 93 shares during the period. Finally, CWM LLC raised its stake in RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after acquiring an additional 150 shares during the period. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Citigroup upped their price objective on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Telsey Advisory Group reissued a “market perform” rating and set a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Finally, StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, RH presently has an average rating of “Hold” and a consensus target price of $326.14.

Insider Buying and Selling

In related news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated 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 sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

RH Price Performance

Shares of NYSE RH opened at $315.48 on Friday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 185.58, a PEG ratio of 1.84 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $367.00. The business’s 50 day moving average is $323.66 and its two-hundred day moving average is $282.89.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. RH’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.93 EPS. As a group, equities research analysts anticipate that RH will post 5.67 earnings per share for the current fiscal year.

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.