Pacer Advisors Inc. Sells 2,065 Shares of RH (NYSE:RH)

Key Points

• Pacer Advisors Inc. reduced its holdings in RH by 61.7% during the first quarter, owning 1,284 shares valued at approximately $301,000 after selling 2,065 shares.
• RH's quarterly earnings topped analysts' expectations with an EPS of $0.13, despite revenue slightly falling short of forecasts, resulting in a 12% year-over-year revenue increase.
• Currently, RH has a consensus rating of "Hold" among analysts, with price targets from various firms ranging broadly from $179.00 to $300.00.

Pacer Advisors Inc. trimmed its position in RH (NYSE:RH - Free Report) by 61.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,284 shares of the company's stock after selling 2,065 shares during the period. Pacer Advisors Inc.'s holdings in RH were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of RH in the fourth quarter worth about $54,314,000. Raymond James Financial Inc. purchased a new stake in shares of RH during the fourth quarter worth $52,190,000. Victory Capital Management Inc. lifted its position in shares of RH by 225.8% during the first quarter. Victory Capital Management Inc. now owns 165,127 shares of the company's stock worth $38,707,000 after acquiring an additional 114,443 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of RH in the fourth quarter worth $44,744,000. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of RH by 2,075.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 100,016 shares of the company's stock valued at $39,365,000 after purchasing an additional 95,419 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of RH in a research report on Wednesday, July 2nd. Telsey Advisory Group cut their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a report on Monday, June 9th. The Goldman Sachs Group cut shares of RH from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Zelman & Associates dropped their price objective on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research note on Wednesday, July 9th. Finally, Robert W. Baird upped their target price on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $270.35.

RH Price Performance

RH traded up $16.32 during trading on Monday, hitting $217.08. 1,453,942 shares of the stock traded hands, compared to its average volume of 1,048,297. The firm has a market capitalization of $4.07 billion, a P/E ratio of 51.69, a price-to-earnings-growth ratio of 0.58 and a beta of 2.16. The firm has a 50-day moving average of $194.21 and a 200 day moving average of $243.09. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The firm had revenue of $813.95 million for the quarter, compared to the consensus estimate of $817.66 million. During the same period in the prior year, the firm earned ($0.40) EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that RH will post 4.39 EPS for the current fiscal year.

RH Company 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.