GSA Capital Partners LLP Buys Shares of 931 RH (NYSE:RH)

GSA Capital Partners LLP purchased a new stake in RH (NYSE:RH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 931 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after acquiring an additional 62,198 shares during the last quarter. Anomaly Capital Management LP increased its stake in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of RH by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after acquiring an additional 18,563 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of RH by 58.6% in the 2nd 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 during the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush raised RH from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $310.00 to $430.00 in a research note on Monday, October 21st. Loop Capital upped their price target on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Robert W. Baird upped their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Finally, Citigroup upped their price target on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $326.14.

Insider Transactions at RH

In other RH news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the business’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 sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by insiders.

RH Stock Up 6.8 %

RH opened at $368.04 on Friday. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 216.48, a PEG ratio of 1.83 and a beta of 2.43. The firm has a 50-day moving average price of $331.70 and a 200-day moving average price of $285.35. RH has a twelve month low of $212.43 and a twelve month high of $370.96.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating 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 company had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same period last year, the business earned $3.93 earnings per share. RH’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts expect that RH will post 5.66 earnings per share for the current fiscal year.

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.