Victory Capital Management Inc. Grows Stock Position in RH (NYSE:RH)

Victory Capital Management Inc. increased its stake in RH (NYSE:RH - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,523 shares of the company's stock after buying an additional 42,509 shares during the quarter. Victory Capital Management Inc. owned approximately 0.64% of RH worth $34,256,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Greatmark Investment Partners Inc. lifted its holdings in RH by 112.8% during the 4th quarter. Greatmark Investment Partners Inc. now owns 2,500 shares of the company's stock valued at $729,000 after purchasing an additional 1,325 shares during the last quarter. Investment House LLC increased its position in RH by 70.0% during the 4th quarter. Investment House LLC now owns 32,220 shares of the company's stock worth $9,391,000 after buying an additional 13,267 shares during the period. Russell Investments Group Ltd. increased its position in RH by 49.3% during the 4th quarter. Russell Investments Group Ltd. now owns 14,237 shares of the company's stock worth $4,150,000 after buying an additional 4,701 shares during the period. New York State Common Retirement Fund increased its position in RH by 26.0% during the 4th quarter. New York State Common Retirement Fund now owns 41,467 shares of the company's stock worth $12,087,000 after buying an additional 8,565 shares during the period. Finally, Signaturefd LLC increased its position in RH by 25.5% during the 4th quarter. Signaturefd LLC now owns 6,070 shares of the company's stock worth $1,769,000 after buying an additional 1,233 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Mark S. Demilio sold 2,000 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark S. Demilio sold 1,000 shares of the company's stock in a transaction 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 sale, the director now owns 11,991 shares of the company's stock, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Corporate insiders own 23.90% of the company's stock.

RH Trading Down 0.7 %

RH stock traded down $2.06 during mid-day trading on Tuesday, reaching $278.72. The company's stock had a trading volume of 461,709 shares, compared to its average volume of 681,059. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 3.03 and a beta of 2.54. The business's 50 day moving average price is $276.05 and its 200 day moving average price is $267.83. RH has a 12 month low of $207.26 and a 12 month high of $406.38.

RH (NYSE:RH - Get Free Report) last issued its 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). The business had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. RH had a negative return on equity of 777.61% and a net margin of 4.21%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 earnings per share. As a group, equities analysts expect that RH will post 9.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RH. Wells Fargo & Company raised their price target on RH from $350.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Robert W. Baird lifted their target price on RH from $280.00 to $300.00 and gave the company a "neutral" rating in a research report on Thursday, March 28th. Oppenheimer reiterated a "market perform" rating on shares of RH in a research report on Monday, April 1st. The Goldman Sachs Group lifted their price target on RH from $201.00 to $264.00 and gave the company a "sell" rating in a research note on Monday, April 1st. Finally, Barclays lifted their price target on RH from $293.00 to $340.00 and gave the company an "equal weight" rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $332.15.

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.