Wellington Management Group LLP Decreases Stake in RH (NYSE:RH)

Wellington Management Group LLP cut its stake in shares of RH (NYSE:RH) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,360 shares of the company’s stock after selling 844 shares during the quarter. Wellington Management Group LLP owned about 0.11% of RH worth $5,935,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new position in shares of RH during the fourth quarter worth $25,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of RH during the 4th quarter valued at about $35,000. Quest Partners LLC purchased a new stake in shares of RH in the fourth quarter worth about $37,000. Global Retirement Partners LLC grew its holdings in RH by 120.3% during the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after acquiring an additional 77 shares during the period. Finally, Tradition Wealth Management LLC raised its position in RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after acquiring an additional 45 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Up 2.1 %

RH opened at $244.44 on Friday. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The firm has a market capitalization of $4.51 billion, a PE ratio of 67.71, a PEG ratio of 0.80 and a beta of 2.51. The firm’s 50-day moving average price is $259.28 and its 200 day moving average price is $271.03.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company 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 earned $2.21 earnings per share. RH’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts predict that RH will post 8.29 earnings per share for the current fiscal year.

Insider Transactions at RH

In other news, CEO Gary G. Friedman bought 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the acquisition, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now directly 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. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders have sold a total of 103,000 shares of company stock worth $28,897,430 in the last quarter. Company insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. The Goldman Sachs Group lowered their price objective on RH from $264.00 to $226.00 and set a “sell” rating on the stock in a research report on Monday, June 17th. StockNews.com raised shares of RH to a “sell” rating in a report on Friday, June 21st. BNP Paribas raised shares of RH to a “hold” rating in a research note on Friday, June 14th. Wedbush dropped their target price on RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of RH in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and an average price target of $310.46.

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.