First Trust Advisors LP grew its position in RH (NYSE:RH – Get Rating) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,777 shares of the company’s stock after acquiring an additional 3,988 shares during the quarter. First Trust Advisors LP owned 0.09% of RH worth $5,819,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of RH. Vanguard Group Inc. increased its stake in shares of RH by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock valued at $457,623,000 after buying an additional 98,713 shares during the period. BlackRock Inc. lifted its holdings in shares of RH by 13.5% in the third quarter. BlackRock Inc. now owns 1,639,129 shares of the company’s stock valued at $403,341,000 after purchasing an additional 194,960 shares in the last quarter. Durable Capital Partners LP lifted its holdings in shares of RH by 2.6% in the first quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock valued at $220,960,000 after purchasing an additional 17,196 shares in the last quarter. State Street Corp boosted its holdings in shares of RH by 10.1% in the 3rd quarter. State Street Corp now owns 502,349 shares of the company’s stock valued at $123,613,000 after buying an additional 45,954 shares during the last quarter. Finally, Pelham Capital Ltd. raised its holdings in shares of RH by 3.9% in the 4th quarter. Pelham Capital Ltd. now owns 450,000 shares of the company’s stock valued at $120,236,000 after purchasing an additional 16,728 shares during the period. 84.16% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at RH
In related news, Director Hilary K. Krane sold 137 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $306.54, for a total value of $41,995.98. Following the transaction, the director now owns 6,115 shares in the company, valued at approximately $1,874,492.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 21.90% of the company’s stock.
RH Trading Down 3.1 %
RH (NYSE:RH – Get Rating) last issued its earnings results on Thursday, May 25th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.08 by $0.13. The company had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.37 million. RH had a net margin of 10.97% and a return on equity of 44.44%. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned $7.78 earnings per share. Analysts expect that RH will post 11.25 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have weighed in on RH. Wedbush lowered their price target on shares of RH from $235.00 to $230.00 in a report on Friday. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Jefferies Financial Group reduced their price objective on shares of RH from $298.00 to $227.00 in a research note on Thursday, March 30th. Barclays dropped their price objective on shares of RH from $314.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Friday, March 31st. Finally, Bank of America lowered their target price on shares of RH from $338.00 to $315.00 in a report on Sunday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, RH has a consensus rating of “Hold” and a consensus price target of $278.38.
About RH
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
Featured Articles
- Get a free copy of the StockNews.com research report on RH (RH)
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
Want to see what other hedge funds are holding RH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RH (NYSE:RH – Get Rating).
Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.
