RH (NYSE:RH) Stake Boosted by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of RH (NYSE:RH) by 18.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,711 shares of the company’s stock after acquiring an additional 1,512 shares during the period. Ieq Capital LLC’s holdings in RH were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RH. Janus Henderson Group PLC raised its stake in shares of RH by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares in the last quarter. Insight Advisors LLC PA raised its position in RH by 2.8% during the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after acquiring an additional 39 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after acquiring an additional 45 shares during the last quarter. Texas Permanent School Fund Corp grew its position in RH by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after acquiring an additional 47 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other RH news, CEO Gary G. Friedman acquired 34,200 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other RH news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman acquired 34,200 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RH shares. Wedbush upped their price objective on shares of RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. TD Cowen increased their price objective on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Robert W. Baird boosted their target price on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. BNP Paribas upgraded RH to a “hold” rating in a report on Friday, June 14th. Finally, Morgan Stanley boosted their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $322.54.

RH Stock Performance

NYSE:RH opened at $344.28 on Friday. The firm’s 50-day moving average is $272.03 and its 200-day moving average is $268.65. RH has a 52-week low of $207.26 and a 52-week high of $354.86. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS 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 analysts’ expectations of $824.52 million. During the same quarter in the prior year, the firm posted $3.93 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that RH will post 6.2 EPS for the current year.

RH Company 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.