Bamco Inc. NY Increases Stake in RH (NYSE:RH)

Bamco Inc. NY grew its stake in RH (NYSE:RH) by 128.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 94,998 shares of the company’s stock after buying an additional 53,395 shares during the quarter. Bamco Inc. NY’s holdings in RH were worth $33,084,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Insight Advisors LLC PA boosted its stake in shares of RH by 2.8% in the 1st quarter. Insight Advisors LLC PA now owns 1,447 shares of the company’s stock valued at $504,000 after buying an additional 39 shares during the period. Tradition Wealth Management LLC boosted its stake in shares of RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after buying an additional 45 shares during the period. Texas Permanent School Fund Corp raised its position in shares of RH by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company’s stock worth $4,659,000 after acquiring an additional 47 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of RH by 4.1% during the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock worth $496,000 after acquiring an additional 67 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position 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 acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

Shares of NYSE:RH traded up $20.32 during trading on Friday, reaching $280.97. The company had a trading volume of 889,221 shares, compared to its average volume of 627,148. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 77.83, a price-to-earnings-growth ratio of 1.07 and a beta of 2.42. The stock’s fifty day moving average price is $255.25 and its 200 day moving average price is $266.43. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The business had revenue of $726.96 million during the quarter, compared to analysts’ expectations of $725.15 million. During the same quarter last year, the firm earned $2.21 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 8.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of RH in a research report on Monday, April 1st. Morgan Stanley cut their target price on RH from $320.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Monday, June 17th. Barclays raised their target price on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. The Goldman Sachs Group cut their target price on RH from $264.00 to $226.00 and set a “sell” rating on the stock in a research report on Monday, June 17th. Finally, BNP Paribas raised RH to a “hold” rating in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $310.79.

Insider Activity at RH

In other news, CEO Gary G. Friedman bought 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gary G. Friedman bought 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Company insiders own 28.10% of the company’s stock.

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.