DSAM Partners London Ltd trimmed its holdings in shares of RH (NYSE:RH) by 74.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,858 shares of the company’s stock after selling 25,904 shares during the period. DSAM Partners London Ltd’s holdings in RH were worth $764,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisory Group LLC purchased a new stake in RH in the 4th quarter worth about $582,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in RH in the 3rd quarter worth about $274,000. Flinton Capital Management LLC increased its holdings in RH by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares during the last quarter. Engineers Gate Manager LP increased its holdings in RH by 51.2% in the 4th quarter. Engineers Gate Manager LP now owns 63,541 shares of the company’s stock worth $5,478,000 after acquiring an additional 21,517 shares during the last quarter. Finally, Wealth Architects LLC purchased a new stake in RH in the 4th quarter worth about $241,000. Institutional investors own 95.70% of the company’s stock.
In other news, insider Karen Boone sold 22,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $99.60, for a total transaction of $2,191,200.00. Following the completion of the transaction, the insider now owns 25,430 shares of the company’s stock, valued at $2,532,828. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Friedman acquired 10,300 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average cost of $97.09 per share, with a total value of $1,000,027.00. Following the acquisition, the chief executive officer now directly owns 2,245,710 shares of the company’s stock, valued at approximately $218,035,983.90. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.
RH (NYSE:RH) last posted its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.04. The business had revenue of $592.50 million during the quarter, compared to analyst estimates of $592.46 million. RH had a return on equity of 20.04% and a net margin of 0.45%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. equities research analysts expect that RH will post 2.93 earnings per share for the current fiscal year.
Several brokerages recently weighed in on RH. Deutsche Bank lifted their price objective on RH from $100.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird set a $60.00 price objective on RH and gave the stock a “hold” rating in a report on Friday, October 13th. Stifel Nicolaus began coverage on RH in a report on Thursday, October 12th. They issued a “hold” rating and a $75.00 price objective for the company. Citigroup lifted their price objective on RH from $1.37 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, Zacks Investment Research lowered RH from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $76.44.
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RH Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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