RH (NYSE:RH) Shares Acquired by Anomaly Capital Management LP

Anomaly Capital Management LP increased its holdings in shares of RH (NYSE:RH) by 503.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,227 shares of the company’s stock after acquiring an additional 291,368 shares during the quarter. RH makes up approximately 3.2% of Anomaly Capital Management LP’s holdings, making the stock its 14th biggest holding. Anomaly Capital Management LP owned 1.89% of RH worth $85,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the period. Dimensional Fund Advisors LP lifted its stake in RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after acquiring an additional 44,278 shares in the last quarter. Norges Bank purchased a new position in shares of RH in the fourth quarter worth approximately $38,736,000. Finally, Victory Capital Management Inc. raised its stake in RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after purchasing an additional 55,999 shares during the period. Institutional investors own 90.17% of the company’s stock.

Insider Transactions at RH

In related news, CEO Gary G. Friedman bought 34,200 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now 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 can be accessed through this link. In other 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 transaction of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman bought 34,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The disclosure for this purchase can be found here. Corporate insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the subject of a number of research reports. StockNews.com upgraded RH to a “sell” rating in a research report on Thursday. Robert W. Baird raised their price target on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. BNP Paribas raised shares of RH to a “hold” rating in a research report on Friday, June 14th. 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 report on Monday, June 17th. Finally, TD Cowen lifted their target price on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $322.54.

RH Price Performance

Shares of RH opened at $344.28 on Monday. RH has a one year low of $207.26 and a one year high of $354.86. The company’s fifty day moving average price is $272.03 and its 200 day moving average price is $268.64. The company has a market capitalization of $6.35 billion, a PE ratio of 95.37, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42.

RH (NYSE:RH) last posted its quarterly earnings data 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 negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same period in the previous year, the company posted $3.93 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that RH will post 6.2 earnings per share for the current year.

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.