Thrivent Financial for Lutherans lessened its stake in shares of RH (NYSE:RH) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 447,482 shares of the company’s stock after selling 163,136 shares during the period. Thrivent Financial for Lutherans owned 2.29% of RH worth $171,215,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc bought a new stake in shares of RH in the third quarter valued at approximately $270,000. ARP Americas LP bought a new stake in shares of RH in the third quarter valued at approximately $239,000. Assenagon Asset Management S.A. bought a new stake in shares of RH in the third quarter valued at approximately $7,969,000. World Asset Management Inc bought a new stake in shares of RH in the third quarter valued at approximately $238,000. Finally, Pacer Advisors Inc. bought a new stake in shares of RH in the third quarter valued at approximately $1,348,000.
A number of research analysts have issued reports on RH shares. Raymond James reissued a “hold” rating on shares of RH in a report on Monday, September 14th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $345.00 to $450.00 in a report on Thursday, September 10th. Zacks Investment Research cut RH from a “buy” rating to a “hold” rating and set a $327.00 price objective for the company. in a report on Monday, August 10th. Wells Fargo & Company raised their target price on RH from $365.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Finally, Barclays raised their target price on RH from $446.00 to $473.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $346.69.
RH (NYSE:RH) last released its earnings results on Wednesday, September 9th. The company reported $4.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $1.54. The firm had revenue of $709.70 million for the quarter, compared to analysts’ expectations of $700.88 million. RH had a return on equity of 1,201.65% and a net margin of 8.53%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 EPS. As a group, equities analysts anticipate that RH will post 17.09 earnings per share for the current fiscal year.
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dÃ©cor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
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