RH $RH Position Cut by Integrated Financial Solutions Inc.

Integrated Financial Solutions Inc. trimmed its holdings in shares of RH (NYSE:RH) by 47.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,245 shares of the company’s stock after selling 8,350 shares during the period. RH comprises about 0.6% of Integrated Financial Solutions Inc.’s portfolio, making the stock its 19th biggest holding. Integrated Financial Solutions Inc.’s holdings in RH were worth $1,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RH. Belpointe Asset Management LLC lifted its position in shares of RH by 3.5% in the second quarter. Belpointe Asset Management LLC now owns 2,217 shares of the company’s stock worth $365,000 after buying an additional 75 shares during the last quarter. D.B. Root & Company LLC increased its holdings in shares of RH by 0.9% during the 2nd quarter. D.B. Root & Company LLC now owns 8,413 shares of the company’s stock valued at $1,386,000 after acquiring an additional 78 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of RH by 3.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,170 shares of the company’s stock valued at $443,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System lifted its holdings in RH by 2.8% in the 1st quarter. State of Michigan Retirement System now owns 3,715 shares of the company’s stock worth $519,000 after purchasing an additional 100 shares during the last quarter. Finally, Hilton Head Capital Partners LLC lifted its holdings in RH by 17.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 702 shares of the company’s stock worth $98,000 after purchasing an additional 102 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH News Roundup

Here are the key news stories impacting RH this week:

• Neutral Sentiment: Evacuations and preparations for Hurricane Isaias along the Gulf Coast could create temporary logistical or store-traffic disruptions for retailers in affected areas, but the reports do not mention RH directly. Hurricane Isaias live updates

Wall Street Analyst Weigh In

Several equities analysts have commented on RH shares. Guggenheim reiterated a “buy” rating and set a $200.00 price target on shares of RH in a report on Friday, September 11th. Wells Fargo & Company decreased their price objective on shares of RH from $225.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, September 11th. UBS Group set a $190.00 target price on shares of RH in a research note on Friday, September 11th. JPMorgan Chase & Co. dropped their target price on shares of RH from $212.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Finally, Bank of America cut their target price on shares of RH from $156.00 to $114.00 and set an “underperform” rating for the company in a research report on Friday, September 11th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.86.

RH Stock Performance

RH opened at $117.23 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57. The stock’s 50 day moving average price is $145.84 and its two-hundred day moving average price is $146.14. The firm has a market capitalization of $2.22 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.91. RH has a 12-month low of $106.30 and a 12-month high of $239.40.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 10th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $2.32. RH had a return on equity of 132.79% and a net margin of 3.23%. The company had revenue of $922.15 million during the quarter, compared to analyst estimates of $915.09 million. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that RH will post 5.30 earnings per share for the current year.

Insider Transactions at RH

In related news, Director Mark Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $132.00, for a total transaction of $132,000.00. Following the completion of the transaction, the director directly owned 25,680 shares in the company, valued at $3,389,760. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.90% of the company’s stock.

RH Profile

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that curates and sells products for residential and hospitality environments. Its offerings include furniture, lighting, textiles, rugs, bath and kitchen fixtures, outdoor furnishings, décor and related design products.

The company markets its products through a multichannel platform that includes large-format RH Galleries, outlet locations, source books, websites and trade services for professional designers.