Versor Investments LP Invests $407,000 in RH (NYSE:RH)

Versor Investments LP bought a new stake in shares of RH (NYSE:RH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,666 shares of the company’s stock, valued at approximately $407,000.

A number of other large investors also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC bought a new position in shares of RH during the fourth quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. bought a new position in RH during the 4th quarter worth approximately $35,000. Quest Partners LLC purchased a new position in RH in the 4th quarter worth approximately $37,000. Hollencrest Capital Management bought a new stake in RH in the first quarter valued at approximately $47,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of RH during the second quarter valued at approximately $62,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity at RH

In related news, CEO Gary G. Friedman bought 34,200 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.10% of the stock is owned by corporate insiders.

RH Price Performance

NYSE:RH opened at $245.63 on Thursday. The firm’s 50-day moving average price is $260.70 and its 200-day moving average price is $266.55. The company has a market capitalization of $4.53 billion, a PE ratio of 68.04, a P/E/G ratio of 1.00 and a beta of 2.42. RH has a 1-year low of $207.26 and a 1-year high of $388.48.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The business had revenue of $726.96 million during the quarter, compared to analysts’ expectations of $725.15 million. During the same quarter last year, the company posted $2.21 EPS. RH’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts anticipate that RH will post 7.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of RH from $360.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. StockNews.com upgraded shares of RH to a “sell” rating in a report on Friday, June 21st. Stifel Nicolaus initiated coverage on RH in a report on Tuesday, July 9th. They set a “buy” rating and a $315.00 price target on the stock. Robert W. Baird dropped their price objective on RH from $300.00 to $275.00 and set a “neutral” rating for the company in a report on Friday, June 14th. Finally, Bank of America reduced their target price on RH from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $310.79.

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.