Wellington Management Group LLP Acquires 11,991 Shares of RH (NYSE:RH)

Wellington Management Group LLP grew its holdings in shares of RH (NYSE:RH - Free Report) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,374 shares of the company's stock after acquiring an additional 11,991 shares during the period. Wellington Management Group LLP owned 0.21% of RH worth $13,168,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company's stock valued at $250,000 after purchasing an additional 35 shares during the period. Pacer Advisors Inc. grew its stake in RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company's stock valued at $572,000 after acquiring an additional 40 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company's stock valued at $296,000 after acquiring an additional 47 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company's stock worth $579,000 after purchasing an additional 60 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RH has been the subject of several recent research reports. Wedbush reissued an "outperform" rating and set a $500.00 target price (up from $430.00) on shares of RH in a research report on Friday. TD Cowen raised their target price on RH from $325.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 13th. Guggenheim increased their price target on RH from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Friday. BNP Paribas restated an "underperform" rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of RH from $345.00 to $338.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $377.07.

RH Price Performance

Shares of RH traded up $64.66 during trading hours on Friday, hitting $446.04. The company's stock had a trading volume of 3,056,518 shares, compared to its average volume of 608,478. The business has a 50 day simple moving average of $347.81 and a two-hundred day simple moving average of $297.88. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 128.17, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.42) EPS. Research analysts predict that RH will post 5.63 earnings per share for the current year.

Insider Buying and Selling

In other RH news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on 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. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company's stock.

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.