Victory Capital Management Inc. Sells 78,472 Shares of RH (NYSE:RH)

Victory Capital Management Inc. cut its holdings in RH (NYSE:RH) by 61.0% during the third quarter, HoldingsChannel reports. The firm owned 50,239 shares of the company’s stock after selling 78,472 shares during the period. Victory Capital Management Inc.’s holdings in RH were worth $16,801,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RH. Russell Investments Group Ltd. grew its position in RH by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 14,503 shares of the company’s stock worth $5,051,000 after buying an additional 266 shares in the last quarter. Senator Investment Group LP boosted its holdings in RH by 22.0% during the first quarter. Senator Investment Group LP now owns 61,000 shares of the company’s stock valued at $21,244,000 after purchasing an additional 11,000 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in RH by 68.7% during the first quarter. Lazard Asset Management LLC now owns 13,660 shares of the company’s stock valued at $4,757,000 after purchasing an additional 5,565 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after purchasing an additional 62,198 shares in the last quarter. Finally, Bamco Inc. NY boosted its holdings in RH by 128.3% during the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after purchasing an additional 53,395 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RH has been the topic of a number of recent research reports. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. TD Cowen boosted their target price on RH from $325.00 to $350.00 and gave the stock 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. Barclays reduced their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Finally, Citigroup boosted their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, RH presently has an average rating of “Hold” and a consensus target price of $326.14.

RH Trading Up 1.5 %

Shares of NYSE RH opened at $323.62 on Wednesday. The firm has a market cap of $5.97 billion, a PE ratio of 186.98, a PEG ratio of 1.79 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $367.00. The company has a fifty day moving average price of $326.56 and a 200 day moving average price of $284.23.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same period in the prior year, the business posted $3.93 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that RH will post 5.65 EPS for the current year.

Insider Transactions at RH

In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. 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 three months. Insiders own 28.10% of the company’s stock.

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.