RH $RH Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its stake in shares of RH (NYSE:RH) by 50.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,359 shares of the company’s stock after selling 8,495 shares during the quarter. Edgestream Partners L.P.’s holdings in RH were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in RH during the 2nd quarter worth $26,000. AlphaQuest LLC acquired a new position in RH in the first quarter valued at $29,000. Farther Finance Advisors LLC grew its holdings in shares of RH by 67.8% during the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. UMB Bank n.a. increased its position in shares of RH by 53.8% during the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock worth $34,000 after purchasing an additional 63 shares in the last quarter. Finally, Solstein Capital LLC purchased a new stake in shares of RH in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Performance

Shares of RH stock opened at $161.37 on Friday. The company has a market cap of $3.03 billion, a P/E ratio of 30.05, a PEG ratio of 0.76 and a beta of 2.09. The firm has a fifty day moving average of $171.96 and a two-hundred day moving average of $195.21. RH has a one year low of $123.03 and a one year high of $457.26.

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

Insider Transactions at RH

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cowen restated a “buy” rating on shares of RH in a research note on Friday, September 12th. Barclays cut their target price on shares of RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of RH in a research note on Friday, September 12th. William Blair downgraded shares of RH from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 2nd. Finally, Zacks Research raised shares of RH from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.