3,941 Shares in RH (NYSE:RH) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in shares of RH (NYSE:RH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,941 shares of the company's stock, valued at approximately $1,149,000.

Several other institutional investors have also recently made changes to their positions in RH. FMR LLC grew its position in RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company's stock valued at $566,636,000 after buying an additional 221,858 shares during the period. Quadrature Capital Ltd acquired a new stake in RH during the third quarter valued at $31,828,000. Canada Pension Plan Investment Board acquired a new stake in RH during the third quarter valued at $24,295,000. Long Walk Management LP acquired a new stake in shares of RH in the fourth quarter valued at about $23,318,000. Finally, Victory Capital Management Inc. grew its position in shares of RH by 2,139.9% in the third quarter. Victory Capital Management Inc. now owns 75,014 shares of the company's stock valued at $19,831,000 after purchasing an additional 71,665 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Stock Down 1.1 %

NYSE RH traded down $3.17 on Friday, hitting $290.97. 530,826 shares of the stock were exchanged, compared to its average volume of 638,501. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The company has a market cap of $5.33 billion, a PE ratio of 52.24, a PEG ratio of 3.24 and a beta of 2.54. The company has a 50-day moving average price of $277.27 and a 200-day moving average price of $269.14.

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

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of the company's stock in a transaction on Tuesday, April 9th. The shares were 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 in the company, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other RH news, insider Eri Chaya sold 100,000 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark S. Demilio sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of 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. Insiders sold a total of 103,000 shares of company stock worth $28,897,430 in the last 90 days. 23.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Loop Capital lifted their target price on shares of RH from $260.00 to $350.00 and gave the company a "hold" rating in a research report on Monday, April 1st. Wells Fargo & Company lifted their target price on shares of RH from $350.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Robert W. Baird boosted their price target on shares of RH from $280.00 to $300.00 and gave the stock a "neutral" rating in a research report on Thursday, March 28th. Barclays boosted their price target on shares of RH from $293.00 to $340.00 and gave the stock an "equal weight" rating in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of RH from $329.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $332.15.

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.

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