Xcel Wealth Management LLC Sells 315 Shares of RH (NYSE:RH)

Xcel Wealth Management LLC lowered its holdings in shares of RH (NYSE:RH) by 12.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,275 shares of the company’s stock after selling 315 shares during the quarter. Xcel Wealth Management LLC’s holdings in RH were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in shares of RH in the 3rd quarter worth about $7,969,000. World Asset Management Inc bought a new stake in shares of RH in the 3rd quarter worth about $238,000. Pacer Advisors Inc. bought a new stake in shares of RH in the 3rd quarter worth about $1,348,000. Nisa Investment Advisors LLC lifted its holdings in shares of RH by 20.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,485 shares of the company’s stock worth $568,000 after acquiring an additional 250 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of RH in the 3rd quarter worth about $27,396,000.

Several equities research analysts have recently issued reports on RH shares. JPMorgan Chase & Co. raised their target price on shares of RH from $370.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Jefferies Financial Group started coverage on shares of RH in a report on Monday, October 19th. They issued an “underperform” rating and a $320.00 target price for the company. Barclays lifted their price objective on shares of RH from $446.00 to $473.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Loop Capital lifted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Raymond James reiterated a “hold” rating on shares of RH in a report on Monday, September 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. RH currently has an average rating of “Buy” and a consensus target price of $341.06.

NYSE RH traded down $13.92 during trading on Friday, reaching $338.05. 19,401 shares of the company’s stock traded hands, compared to its average volume of 1,042,722. The company has a debt-to-equity ratio of 9.02, a current ratio of 0.79 and a quick ratio of 0.17. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 1.02 and a beta of 2.48. The company’s 50 day simple moving average is $374.26 and its two-hundred day simple moving average is $271.11. RH has a 12-month low of $73.14 and a 12-month high of $410.49.

RH (NYSE:RH) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $4.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.36 by $1.54. RH had a net margin of 8.53% and a return on equity of 1,201.65%. The firm had revenue of $709.70 million for the quarter, compared to the consensus estimate of $700.88 million. During the same quarter in the previous year, the firm earned $3.20 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts expect that RH will post 17.09 earnings per share for the current fiscal year.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, 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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Institutional Ownership by Quarter for RH (NYSE:RH)

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