Intech Investment Management LLC Takes Position in RH (NYSE:RH)

Intech Investment Management LLC acquired a new stake in RH (NYSE:RH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,311 shares of the company’s stock, valued at approximately $1,298,000.

A number of other institutional investors have also recently added to or reduced their stakes in RH. Creekmur Asset Management LLC purchased a new position in shares of RH in the fourth quarter valued at $25,000. Quest Partners LLC acquired a new stake in RH in the 4th quarter valued at about $37,000. Hollencrest Capital Management purchased a new position in RH during the 1st quarter valued at about $47,000. Ridgewood Investments LLC acquired a new position in RH during the second quarter worth about $62,000. 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 worth $102,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity

In related news, 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 sale, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RH shares. JPMorgan Chase & Co. dropped their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Citigroup boosted their price target on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Barclays decreased their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. The Goldman Sachs Group cut their target price on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a research note on Monday, June 17th. Finally, Robert W. Baird lifted 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $322.54.

RH Trading Down 0.3 %

RH stock opened at $344.59 on Wednesday. The company has a market cap of $6.36 billion, a PE ratio of 95.45, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. The stock has a 50-day moving average price of $274.42 and a two-hundred day moving average price of $269.61. RH has a 12-month low of $207.26 and a 12-month high of $354.86.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 EPS. Equities analysts forecast that RH will post 6.2 EPS for the current fiscal 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.