RH (NYSE:RH) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of RH (NYSE:RH) by 65.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,843 shares of the company’s stock after selling 3,468 shares during the quarter. Intech Investment Management LLC’s holdings in RH were worth $616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC lifted its stake in shares of RH by 57.5% during the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after buying an additional 328 shares during the period. KBC Group NV raised its stake in RH by 25.8% in the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after acquiring an additional 93 shares during the last quarter. Parametrica Management Ltd acquired a new stake in RH during the 3rd quarter worth about $216,000. Aigen Investment Management LP purchased a new stake in RH during the 3rd quarter valued at about $1,039,000. Finally, GSA Capital Partners LLP purchased a new stake in RH during the 3rd quarter valued at about $311,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on RH shares. Wells Fargo & Company upped their target price on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. TD Cowen lifted their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Loop Capital lifted their price objective on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $326.14.

Insider Buying and Selling

In related news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction on Thursday, September 19th. The shares were 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 in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 over the last 90 days. 28.10% of the stock is owned by insiders.

RH Stock Down 0.4 %

Shares of RH stock opened at $385.14 on Friday. The firm has a 50 day moving average of $337.50 and a two-hundred day moving average of $289.41. The stock has a market capitalization of $7.10 billion, a PE ratio of 226.55, a P/E/G ratio of 2.18 and a beta of 2.43. RH has a 52 week low of $212.43 and a 52 week high of $398.22.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. RH’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.93 EPS. Analysts expect that RH will post 5.66 EPS for the current fiscal year.

About RH

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.