Inspire Trust Co. N.A. Has $1.69 Million Stake in RH (NYSE:RH)

Inspire Trust Co. N.A. boosted its position in RH (NYSE:RH) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,065 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Inspire Trust Co. N.A.’s holdings in RH were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after purchasing an additional 35 shares in the last quarter. Pacer Advisors Inc. raised its position 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 purchasing an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake 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 purchasing an additional 47 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of RH by 3.6% during the third 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 during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of RH by 308.3% in 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 period. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays reduced their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company raised their target price on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Morgan Stanley upped their price target on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Guggenheim reissued a “buy” rating and issued a $425.00 price target on shares of RH in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $420.00 price target (up previously from $375.00) on shares of RH in a report on Monday. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $345.73.

Insider Transactions at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 over the last ninety days. 28.10% of the stock is currently owned by insiders.

RH Stock Down 4.4 %

Shares of NYSE:RH opened at $381.51 on Friday. The stock’s 50 day moving average is $345.55 and its 200-day moving average is $296.23. RH has a twelve month low of $212.43 and a twelve month high of $403.39. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 224.42, a PEG ratio of 2.44 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted ($0.42) earnings per share. Equities research analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

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.