Xcel Wealth Management LLC Has $29.86 Million Stock Position in RH (NYSE:RH)

Xcel Wealth Management LLC decreased its holdings in RH (NYSE:RH - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,385 shares of the company's stock after selling 1,234 shares during the quarter. RH accounts for approximately 9.3% of Xcel Wealth Management LLC's holdings, making the stock its largest position. Xcel Wealth Management LLC owned approximately 0.68% of RH worth $29,860,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Truist Financial Corp acquired a new position in RH during the fourth quarter worth about $227,000. Private Advisor Group LLC acquired a new position in shares of RH in the 4th quarter worth approximately $267,000. Oppenheimer Asset Management Inc. bought a new stake in shares of RH in the 4th quarter worth approximately $224,000. US Bancorp DE boosted its holdings in RH by 14.6% during the fourth quarter. US Bancorp DE now owns 283 shares of the company's stock worth $111,000 after buying an additional 36 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in RH by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 430 shares of the company's stock worth $169,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on RH shares. Citigroup reaffirmed a "neutral" rating and set a $200.00 price objective (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Robert W. Baird raised their price target on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Bank of America increased their price target on RH from $144.00 to $172.00 and gave the company an "underperform" rating in a report on Wednesday, May 14th. The Goldman Sachs Group lowered RH from a "neutral" rating to a "sell" rating and cut their price target for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Finally, Barclays lowered their price target on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $271.56.

RH Price Performance

NYSE RH traded up $0.70 during trading hours on Friday, reaching $206.50. The company's stock had a trading volume of 579,176 shares, compared to its average volume of 1,041,842. The firm has a fifty day simple moving average of $191.04 and a 200-day simple moving average of $274.61. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The stock has a market cap of $3.87 billion, a P/E ratio of 49.17, a P/E/G ratio of 0.60 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to analysts' expectations of $817.66 million. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The company's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) EPS. On average, research analysts expect that RH will post 4.39 earnings per share for the current year.

RH Company Profile

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.