RH (NYSE:RH) Stock Position Increased by Xcel Wealth Management LLC

Xcel Wealth Management LLC increased its holdings in shares of RH (NYSE:RH - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,550 shares of the company's stock after buying an additional 1,612 shares during the period. RH comprises approximately 12.2% of Xcel Wealth Management LLC's portfolio, making the stock its largest position. Xcel Wealth Management LLC owned 0.68% of RH worth $41,653,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lincoln Capital LLC bought a new stake in shares of RH in the 1st quarter valued at about $220,000. Artemis Investment Management LLP acquired a new stake in RH during the 1st quarter valued at approximately $4,637,000. Deepwater Asset Management LLC raised its holdings in RH by 8.7% during the 1st quarter. Deepwater Asset Management LLC now owns 43,523 shares of the company's stock worth $15,157,000 after purchasing an additional 3,491 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of RH by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 57,712 shares of the company's stock worth $20,099,000 after purchasing an additional 851 shares during the period. Finally, SWS Partners boosted its stake in shares of RH by 23.8% in the 1st quarter. SWS Partners now owns 10,697 shares of the company's stock valued at $3,725,000 after purchasing an additional 2,053 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

RH Stock Down 2.8 %

RH stock traded down $9.86 during mid-day trading on Tuesday, reaching $337.01. 582,219 shares of the company traded hands, compared to its average volume of 730,649. The firm's 50 day moving average price is $300.84 and its 200 day moving average price is $274.27. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 204.00, a P/E/G ratio of 2.02 and a beta of 2.43. RH has a fifty-two week low of $207.26 and a fifty-two week high of $367.00.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $829.66 million for the quarter, compared to analysts' expectations of $824.52 million. During the same quarter in the previous year, the firm earned $3.93 earnings per share. RH's quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts anticipate that RH will post 5.61 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, insider Stefan Duban sold 4,285 shares of the business's 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 owns 78 shares in the company, valued at $27,016.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Stefan Duban sold 4,285 shares of the firm's 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 completion of the sale, the insider now directly owns 78 shares of the company's stock, valued at $27,016.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company's stock.

Analysts Set New Price Targets

RH has been the topic of several recent analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Loop Capital boosted their price objective on RH from $230.00 to $320.00 and gave the company a "hold" rating in a research note on Monday, September 16th. TD Cowen raised their target price on RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Bank of America increased their price target on RH from $310.00 to $359.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Finally, Wells Fargo & Company lifted their price objective on shares of RH from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, RH has an average rating of "Hold" and a consensus target price of $331.77.

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.