Sanctuary Wealth Advisors LLC Takes Position in RH (RH)
Sanctuary Wealth Advisors LLC bought a new position in RH (NYSE:RH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 37,790 shares of the company’s stock, valued at approximately $3,258,000. RH makes up about 2.7% of Sanctuary Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position.
Other institutional investors and hedge funds have also recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in RH by 145.5% during the 4th quarter. LS Investment Advisors LLC now owns 1,652 shares of the company’s stock valued at $142,000 after purchasing an additional 979 shares during the period. First Republic Investment Management Inc. acquired a new position in RH during the 4th quarter valued at approximately $200,000. Adell Harriman & Carpenter Inc. acquired a new position in RH during the 4th quarter valued at approximately $203,000. Wealth Architects LLC acquired a new position in RH during the 4th quarter valued at approximately $241,000. Finally, Amalgamated Bank acquired a new position in RH during the 4th quarter valued at approximately $252,000.
In other news, insider Karen Boone sold 22,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $99.60, for a total value of $2,191,200.00. Following the sale, the insider now owns 25,430 shares of the company’s stock, valued at approximately $2,532,828. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman acquired 10,300 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of $97.09 per share, for a total transaction of $1,000,027.00. Following the purchase, the chief executive officer now directly owns 2,245,710 shares in the company, valued at approximately $218,035,983.90. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by insiders.
RH (NYSE:RH) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $1.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.04. RH had a return on equity of 20.04% and a net margin of 0.45%. The company had revenue of $592.50 million for the quarter, compared to the consensus estimate of $592.46 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. research analysts forecast that RH will post 2.93 earnings per share for the current fiscal year.
A number of research firms recently issued reports on RH. Zacks Investment Research upgraded RH from a “hold” rating to a “strong-buy” rating and set a $106.00 price objective for the company in a research report on Friday, February 2nd. Loop Capital upgraded RH from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Thursday, January 11th. Stifel Nicolaus reduced their price objective on RH from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, December 6th. Citigroup lifted their target price on RH from $1.37 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Barclays lifted their target price on RH from $65.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $76.44.
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RH Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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