RH $RH Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its stake in RH (NYSE:RH) by 43.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 278,587 shares of the company’s stock after selling 215,442 shares during the quarter. Marshall Wace LLP’s holdings in RH were worth $52,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of RH in the second quarter valued at approximately $26,000. AlphaQuest LLC acquired a new stake in RH in the first quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in RH by 67.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. UMB Bank n.a. increased its position in shares of RH by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 180 shares of the company’s stock valued at $34,000 after purchasing an additional 63 shares during the period. Finally, Solstein Capital LLC bought a new stake in shares of RH in the 2nd quarter worth $38,000. 90.17% of the stock is currently owned by institutional investors.

RH Trading Up 0.9%

Shares of NYSE RH opened at $161.37 on Friday. RH has a one year low of $123.03 and a one year high of $457.26. The business has a 50-day moving average price of $171.96 and a two-hundred day moving average price of $195.13. The firm has a market capitalization of $3.02 billion, a PE ratio of 30.05, a PEG ratio of 0.76 and a beta of 2.09.

RH (NYSE:RH) last issued its earnings results on Thursday, September 11th. The company reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.29). The business had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. RH had a net margin of 3.20% and a negative return on equity of 113.58%. RH’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. Research analysts anticipate that RH will post 4.39 EPS for the current year.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the sale, the director owned 24,616 shares of the company’s stock, valued at $5,812,576.08. This trade represents a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 27.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RH has been the topic of a number of research analyst reports. Barclays lowered their target price on RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. William Blair cut shares of RH from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 2nd. Cowen reiterated a “buy” rating on shares of RH in a report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of RH in a report on Wednesday, October 8th. Finally, Citigroup lifted their price target on RH from $200.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $259.69.

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.