Spouting Rock Asset Management LLC Sells 7,535 Shares of RH (NYSE:RH)

Spouting Rock Asset Management LLC decreased its position in shares of RH (NYSE:RHFree Report) by 67.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,620 shares of the company’s stock after selling 7,535 shares during the quarter. Spouting Rock Asset Management LLC’s holdings in RH were worth $1,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in RH by 19.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,313 shares of the company’s stock worth $611,000 after acquiring an additional 378 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of RH in the third quarter worth $227,000. State Board of Administration of Florida Retirement System increased its holdings in RH by 11.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 15,013 shares of the company’s stock valued at $3,969,000 after buying an additional 1,583 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in RH by 7.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 10,516 shares of the company’s stock worth $2,780,000 after acquiring an additional 736 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in RH by 8.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,835 shares of the company’s stock valued at $485,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In related news, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction that occurred 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 SEC, which can be accessed through this hyperlink. In related news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,465,279.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 103,000 shares of company stock valued at $28,897,430. Corporate insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on RH shares. Bank of America dropped their target price on shares of RH from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday. The Goldman Sachs Group raised their price target on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Robert W. Baird lowered their target price on RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday. Oppenheimer restated a “market perform” rating on shares of RH in a research report on Monday, April 1st. Finally, Wedbush cut their price target on RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday. 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 stock. According to data from MarketBeat, RH has a consensus rating of “Hold” and a consensus price target of $321.85.

View Our Latest Stock Analysis on RH

RH Stock Down 17.1 %

RH traded down $47.32 during mid-day trading on Friday, reaching $229.73. 3,983,652 shares of the company traded hands, compared to its average volume of 701,425. The stock has a market capitalization of $4.21 billion, a P/E ratio of 41.04, a P/E/G ratio of 0.93 and a beta of 2.51. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The company’s fifty day moving average price is $266.74 and its 200-day moving average price is $274.55.

RH (NYSE:RHGet Free Report) last announced its earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The business had revenue of $726.96 million for the quarter, compared to analysts’ expectations of $725.15 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.21 earnings per share. As a group, sell-side analysts forecast that RH will post 8.91 earnings per share for the current fiscal year.

RH Company Profile

(Free Report)

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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Institutional Ownership by Quarter for RH (NYSE:RH)

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