Raymond James Financial Services Advisors Inc. Lowers Holdings in RH (NYSE:RH)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of RH (NYSE:RH - Free Report) by 51.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,002 shares of the company's stock after selling 5,370 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in RH were worth $1,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. purchased a new position in RH during the 4th quarter worth $1,246,000. Moody National Bank Trust Division purchased a new position in RH during the 4th quarter worth $1,043,000. Neo Ivy Capital Management purchased a new position in shares of RH in the 3rd quarter worth about $480,000. Hsbc Holdings PLC purchased a new position in shares of RH in the 3rd quarter worth about $10,112,000. Finally, Fulton Bank N.A. boosted its holdings in shares of RH by 34.7% in the 4th quarter. Fulton Bank N.A. now owns 1,365 shares of the company's stock worth $398,000 after buying an additional 352 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

RH Price Performance

NYSE RH traded down $11.91 on Friday, reaching $255.18. 896,626 shares of the company's stock traded hands, compared to its average volume of 1,165,446. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The stock has a 50-day simple moving average of $279.40 and a 200 day simple moving average of $267.78. The stock has a market cap of $4.67 billion, a PE ratio of 45.81, a P/E/G ratio of 2.94 and a beta of 2.46.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $1.71 by ($0.99). The business had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.88 earnings per share. As a group, analysts anticipate that RH will post 9.08 EPS for the current year.

Analysts Set New Price Targets

RH has been the topic of a number of research analyst reports. Wedbush boosted their price target on shares of RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a report on Thursday, March 28th. Telsey Advisory Group reissued a "market perform" rating and issued a $335.00 price target (up from $285.00) on shares of RH in a report on Tuesday, March 26th. Oppenheimer reaffirmed a "market perform" rating on shares of RH in a report on Monday, April 1st. Wells Fargo & Company upped their price objective on shares of RH from $350.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RH from $329.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $332.15.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares of the company's stock, valued at $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Mark S. Demilio sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company's stock, valued at $3,465,279.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the sale, the director now directly owns 12,991 shares of the company's stock, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. Insiders own 23.90% of the company's stock.

RH 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.