First Eagle Investment Management LLC Has $4 Million Stock Position in RH (NYSE:RH)

First Eagle Investment Management LLC boosted its holdings in RH (NYSE:RH - Free Report) by 247.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,732 shares of the company's stock after acquiring an additional 9,780 shares during the period. First Eagle Investment Management LLC owned 0.07% of RH worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of RH in the fourth quarter valued at $35,000. Global Retirement Partners LLC boosted its stake in shares of RH by 120.3% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company's stock worth $41,000 after purchasing an additional 77 shares during the last quarter. Core Wealth Advisors Inc. acquired a new stake in shares of RH during the 3rd quarter worth about $51,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of RH during the third quarter worth about $96,000. Finally, CI Investments Inc. raised its position in shares of RH by 1,696.2% in the third quarter. CI Investments Inc. now owns 467 shares of the company's stock valued at $123,000 after buying an additional 441 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Down 2.9 %

RH stock traded down $8.28 during trading on Friday, hitting $278.41. 467,658 shares of the company's stock traded hands, compared to its average volume of 582,585. The stock has a fifty day moving average price of $278.92 and a two-hundred day moving average price of $271.39. RH has a 52 week low of $207.26 and a 52 week high of $406.38. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 49.98, a price-to-earnings-growth ratio of 3.19 and a beta of 2.54.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $1.71 by ($0.99). The company had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.88 earnings per share. As a group, equities research analysts expect that RH will post 8.99 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The stock was 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 SEC, which is available at this hyperlink. In other RH news, insider Eri Chaya sold 100,000 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, 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. Over the last 90 days, insiders have sold 103,000 shares of company stock worth $28,897,430. 23.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent analyst reports. 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 report on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on shares of RH from $329.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Oppenheimer restated a "market perform" rating on shares of RH in a report on Monday, April 1st. Wedbush increased their target price on RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Thursday, March 28th. Finally, Loop Capital boosted their price target on RH from $260.00 to $350.00 and gave the company a "hold" rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.