RH (NYSE:RH) Position Trimmed by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in RH (NYSE:RH) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,313 shares of the company’s stock after selling 1,766 shares during the quarter. Geode Capital Management LLC owned 1.36% of RH worth $83,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in RH. Anomaly Capital Management LP increased its stake in RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares during the period. Two Sigma Advisers LP increased its stake in shares of RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after acquiring an additional 93,500 shares during the last quarter. Marshall Wace LLP increased its stake in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after acquiring an additional 55,999 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in RH by 24.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock valued at $55,548,000 after purchasing an additional 44,278 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RH. Wedbush reaffirmed an “outperform” rating and set a $500.00 price target (up from $430.00) on shares of RH in a research note on Friday, December 13th. Robert W. Baird raised their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. decreased their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $402.40.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

RH Stock Down 2.1 %

RH opened at $388.02 on Friday. The stock’s 50 day moving average price is $354.37 and its two-hundred day moving average price is $301.53. The firm has a market capitalization of $7.22 billion, a P/E ratio of 111.50, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. RH has a 12-month low of $212.43 and a 12-month high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the company posted ($0.42) earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that RH will post 5.63 earnings per share for the current year.

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.