Sei Investments Co. Trims Position in RH (NYSE:RH)

Sei Investments Co. reduced its position in RH (NYSE:RH) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,589 shares of the company’s stock after selling 1,362 shares during the period. Sei Investments Co. owned about 0.12% of RH worth $5,522,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RH. Creekmur Asset Management LLC acquired a new stake in shares of RH in the fourth quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in shares of RH in the 1st quarter valued at $47,000. Ridgewood Investments LLC purchased a new stake in shares of RH during the 2nd quarter valued at $62,000. Daiwa Securities Group Inc. acquired a new stake in shares of RH during the 1st quarter worth $179,000. Finally, Lincoln Capital LLC purchased a new position in shares of RH in the 1st quarter worth $220,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, 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 the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now owns 10,914 shares in the company, valued at $3,714,034.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

RH Price Performance

NYSE RH opened at $334.51 on Tuesday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 92.64, a price-to-earnings-growth ratio of 1.96 and a beta of 2.42. RH has a 12 month low of $207.26 and a 12 month high of $354.86. The company’s fifty day moving average price is $278.07 and its two-hundred day moving average price is $270.62.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.93 earnings per share. As a group, analysts anticipate that RH will post 5.61 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RH shares. StockNews.com raised RH to a “sell” rating in a research report on Thursday, September 19th. Barclays cut their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group decreased their price objective on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a research note on Monday, June 17th. Loop Capital raised their target price on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Finally, TD Cowen upped their price target on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $322.54.

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.