Xponance Inc. Cuts Position in RH (NYSE:RH)

Xponance Inc. trimmed its holdings in shares of RH (NYSE:RH) by 6.0% in the second quarter, HoldingsChannel.com reports. The fund owned 1,957 shares of the company’s stock after selling 124 shares during the period. Xponance Inc.’s holdings in RH were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in shares of RH during the 4th quarter valued at $25,000. Hollencrest Capital Management purchased a new stake in RH during the first quarter worth about $47,000. Ridgewood Investments LLC bought a new stake in RH in the second quarter worth about $62,000. Nisa Investment Advisors LLC boosted its stake in RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock valued at $174,000 after acquiring an additional 100 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of RH during the 1st quarter valued at approximately $179,000. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RH has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Citigroup upped their price target on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Loop Capital lifted their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Stifel Nicolaus lifted their target price on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Barclays dropped their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, RH currently has an average rating of “Hold” and a consensus price target of $322.54.

RH Price Performance

RH opened at $334.51 on Tuesday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 92.66, a price-to-earnings-growth ratio of 1.96 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $354.86. The company has a fifty day moving average price of $278.07 and a 200-day moving average price of $270.62.

RH (NYSE:RH) last posted its 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 during the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.93 earnings per share. On average, analysts expect that RH will post 5.61 earnings per share for the current year.

Insider Transactions at RH

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

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.