Narwhal Capital Management Boosts Position in RH (NYSE:RH)

Narwhal Capital Management grew its stake in shares of RH (NYSE:RH - Free Report) by 131.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,000 shares of the company's stock after purchasing an additional 6,823 shares during the period. Narwhal Capital Management owned about 0.07% of RH worth $4,013,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew 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 purchasing an additional 74 shares during the period. Hollencrest Capital Management purchased a new position in RH during the first quarter worth about $47,000. Ridgewood Investments LLC bought a new position in shares of RH in the second quarter worth approximately $62,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH in the 3rd quarter worth $110,000. Finally, CWM LLC raised its position in RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company's stock valued at $157,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analyst Ratings Changes

RH has been the subject of a number of recent research reports. Wedbush upgraded shares of RH from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $310.00 to $430.00 in a report on Monday. Wells Fargo & Company boosted their target price on RH from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Citigroup increased their price target on shares of RH from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Robert W. Baird increased their price target 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. Finally, TD Cowen lifted their target price on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, RH presently has an average rating of "Hold" and an average price target of $331.77.

RH Stock Down 3.4 %

NYSE:RH traded down $11.58 during mid-day trading on Wednesday, hitting $325.43. 563,326 shares of the company traded hands, compared to its average volume of 729,825. The stock's fifty day moving average price is $302.37 and its 200-day moving average price is $274.68. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 191.72, a price-to-earnings-growth ratio of 2.02 and a beta of 2.43. RH has a one year low of $207.26 and a one year high of $367.00.

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

Insiders Place Their Bets

In other news, 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 value of $707,140.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company's stock, valued at $27,016.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were 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. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 in the last 90 days. 28.10% of the stock is currently owned by corporate insiders.

About RH

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.