Algert Global LLC Trims Position in RH (NYSE:RH)

Algert Global LLC decreased its position in shares of RH (NYSE:RH) by 41.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,477 shares of the company’s stock after selling 1,033 shares during the quarter. Algert Global LLC’s holdings in RH were worth $361,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Smith Thornton Advisors LLC bought a new position in RH in the 2nd quarter worth approximately $283,000. BlackBarn Capital Partners LP lifted its holdings in shares of RH by 156.8% in the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after buying an additional 26,655 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of RH during the second quarter worth $1,289,000. Marshall Wace LLP grew its stake in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in RH by 166.8% in the 2nd quarter. Bank of Montreal Can now owns 22,971 shares of the company’s stock valued at $5,616,000 after acquiring an additional 14,360 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Down 1.6 %

Shares of RH stock opened at $322.08 on Wednesday. The stock’s fifty day moving average is $286.72 and its two-hundred day moving average is $272.59. RH has a 52 week low of $207.26 and a 52 week high of $354.86. The company has a market capitalization of $5.94 billion, a PE ratio of 89.22, a price-to-earnings-growth ratio of 1.91 and a beta of 2.43.

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

Wall Street Analyst Weigh In

Several research analysts have commented on RH shares. Stifel Nicolaus increased their price objective on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 16th. BNP Paribas raised RH to a “hold” rating in a research note on Friday, June 14th. Barclays reduced 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. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $322.54.

Insider Activity

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated 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 directly owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction dated Wednesday, September 18th. The shares were 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

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.