Victory Capital Management Inc. Purchases 42,509 Shares of RH (NYSE:RH)

Victory Capital Management Inc. raised its position in shares of RH (NYSE:RH) by 56.7% in the fourth quarter, HoldingsChannel reports. The firm owned 117,523 shares of the company’s stock after acquiring an additional 42,509 shares during the period. Victory Capital Management Inc.’s holdings in RH were worth $34,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RH. FMR LLC raised its position in RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after purchasing an additional 221,858 shares in the last quarter. Quadrature Capital Ltd bought a new stake in RH during the 3rd quarter valued at $31,828,000. Canada Pension Plan Investment Board bought a new position in shares of RH in the 3rd quarter worth $24,295,000. Long Walk Management LP bought a new position in shares of RH in the 4th quarter worth $23,318,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of RH in the 3rd quarter worth $12,392,000. 90.17% of the stock is owned by institutional investors.

RH Trading Up 2.1 %

NYSE RH opened at $280.78 on Tuesday. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 3.03 and a beta of 2.54. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The stock has a 50-day moving average of $276.05 and a 200 day moving average of $267.83.

RH (NYSE:RH) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The business had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same period in the previous year, the company posted $2.88 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts predict that RH will post 9.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Oppenheimer restated a “market perform” rating on shares of RH in a research note on Monday, April 1st. JPMorgan Chase & Co. boosted their target price on RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Loop Capital boosted their price target on RH from $260.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Barclays upped their target price on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group upped their target price on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $332.15.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now directly owns 11,991 shares in the company, valued at $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders own 23.90% 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.