Dimensional Fund Advisors LP Buys 41,242 Shares of RH (NYSE:RH)

Dimensional Fund Advisors LP grew its holdings in shares of RH (NYSE:RH) by 18.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 270,993 shares of the company’s stock after acquiring an additional 41,242 shares during the period. Dimensional Fund Advisors LP owned about 1.47% of RH worth $66,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RH. Creekmur Asset Management LLC acquired a new stake in RH during the fourth quarter worth approximately $25,000. Quest Partners LLC bought a new stake in shares of RH in the 4th quarter worth $37,000. Hollencrest Capital Management purchased a new position in shares of RH in the 1st quarter worth approximately $47,000. Ridgewood Investments LLC purchased a new position in RH in the second quarter worth $62,000. Finally, Tradition Wealth Management LLC raised its position in RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 78 shares in the company, valued at $27,016.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the business’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 completion of the transaction, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The disclosure for this sale can be found here. 28.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BNP Paribas upgraded RH to a “hold” rating in a research note on Friday, June 14th. 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. Barclays dropped their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Robert W. Baird increased their target price on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Finally, Wedbush increased their price objective on RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $322.54.

RH Stock Down 0.1 %

Shares of RH opened at $339.34 on Friday. The business’s 50 day moving average price is $276.74 and its 200-day moving average price is $270.56. The stock has a market cap of $6.26 billion, a P/E ratio of 94.04, a P/E/G ratio of 1.97 and a beta of 2.42. RH has a 52 week low of $207.26 and a 52 week high of $354.86.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the prior year, the company posted $3.93 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that RH will post 5.61 EPS for the current year.

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.