RH (NYSE:RH) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its holdings in RH (NYSE:RH) by 66.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 570 shares of the company’s stock after selling 1,118 shares during the period. Quest Partners LLC’s holdings in RH were worth $139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new stake in RH in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in RH in the 1st quarter worth $47,000. Ridgewood Investments LLC purchased a new position in RH in the 2nd quarter valued at about $62,000. Tradition Wealth Management LLC increased its position in shares of 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. Finally, Daiwa Securities Group Inc. acquired a new position in shares of RH in the first quarter worth about $179,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RH has been the topic of several analyst reports. Stifel Nicolaus lifted their price objective on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley lifted their price target on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays dropped their price target on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday. Robert W. Baird lifted their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $290.00 target price on shares of RH in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $322.54.

RH Trading Up 2.5 %

RH opened at $329.99 on Tuesday. The business’s 50 day moving average is $265.34 and its 200-day moving average is $266.73. The stock has a market cap of $6.09 billion, a PE ratio of 91.41, a price-to-earnings-growth ratio of 1.13 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 10.63% and a net margin of 1.13%. The firm had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same period last year, the firm earned $3.93 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that RH will post 7.29 EPS for the current year.

Insider Activity at RH

In related news, CEO Gary G. Friedman bought 34,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the transaction, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 28.10% of the company’s stock.

RH 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.