Qsemble Capital Management LP Sells 1,922 Shares of RH (NYSE:RH)

Qsemble Capital Management LP decreased its holdings in shares of RH (NYSE:RH) by 73.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 684 shares of the company’s stock after selling 1,922 shares during the quarter. Qsemble Capital Management LP’s holdings in RH were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RH. Blue Trust Inc. grew its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of RH in the second quarter valued at approximately $62,000. Centaurus Financial Inc. purchased a new stake in shares of RH in the third quarter valued at approximately $100,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of RH in the third quarter valued at approximately $110,000. Finally, KBC Group NV boosted its holdings in shares of RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after purchasing an additional 93 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Stock Performance

NYSE RH opened at $386.56 on Thursday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $398.22. The stock has a 50-day simple moving average of $335.92 and a two-hundred day simple moving average of $288.08. The firm has a market capitalization of $7.13 billion, a P/E ratio of 227.39, a PEG ratio of 2.20 and a beta of 2.43.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the previous year, the business earned $3.93 EPS. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts forecast that RH will post 5.66 earnings per share for the current year.

Insider Activity at RH

In related news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 in the last 90 days. Corporate insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RH. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price target on shares of RH in a report on Tuesday, September 10th. Morgan Stanley boosted their price target on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Barclays lowered their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Stifel Nicolaus increased their target price on RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Citigroup increased their target price on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, RH currently has a consensus rating of “Hold” and a consensus target price of $326.14.

About RH

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.