RH (NYSE:RH) Position Reduced by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in shares of RH (NYSE:RH) by 32.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,850 shares of the company’s stock after selling 7,727 shares during the quarter. Hodges Capital Management Inc.’s holdings in RH were worth $5,520,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC boosted its stake in RH by 8.1% during the third quarter. Kestra Advisory Services LLC now owns 1,835 shares of the company’s stock valued at $485,000 after buying an additional 137 shares in the last quarter. Invesco Ltd. boosted its position in shares of RH by 63.0% during the 3rd quarter. Invesco Ltd. now owns 47,130 shares of the company’s stock valued at $12,459,000 after purchasing an additional 18,218 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of RH by 0.8% in the 3rd quarter. Natixis Advisors L.P. now owns 17,099 shares of the company’s stock worth $4,520,000 after purchasing an additional 131 shares during the last quarter. MQS Management LLC acquired a new position in shares of RH in the 3rd quarter worth approximately $245,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of RH in the 3rd quarter worth approximately $12,392,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were 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 directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other RH news, CEO Gary G. Friedman acquired 34,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the transaction, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now 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 have sold a total of 103,000 shares of company stock worth $28,897,430 over the last 90 days. Insiders own 28.10% of the company’s stock.

RH Price Performance

NYSE:RH traded up $5.14 during trading hours on Friday, reaching $244.44. The company’s stock had a trading volume of 1,174,779 shares, compared to its average volume of 1,026,155. RH has a one year low of $207.26 and a one year high of $406.38. The business’s 50-day moving average is $259.28 and its 200-day moving average is $271.03. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 67.71, a price-to-earnings-growth ratio of 0.89 and a beta of 2.51.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The company had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. During the same quarter last year, the company posted $2.21 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Telsey Advisory Group decreased their price target on shares of RH from $320.00 to $290.00 and set a “market perform” rating on the stock in a research report on Friday, June 14th. BNP Paribas raised RH to a “hold” rating in a research report on Friday, June 14th. Wedbush decreased their price target on RH from $320.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Oppenheimer restated a “market perform” rating on shares of RH in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $310.46.

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.