Oakworth Capital Inc. Sells 85 Shares of RH (NYSE:RH)

Oakworth Capital Inc. reduced its holdings in shares of RH (NYSE:RH) by 28.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210 shares of the company’s stock after selling 85 shares during the quarter. Oakworth Capital Inc.’s holdings in RH were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in RH in the fourth quarter valued at about $38,736,000. Granahan Investment Management LLC bought a new position in RH in the fourth quarter valued at about $24,915,000. Price T Rowe Associates Inc. MD lifted its holdings in RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after acquiring an additional 62,198 shares during the period. Locust Wood Capital Advisers LLC lifted its holdings in RH by 190.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock valued at $25,478,000 after acquiring an additional 57,362 shares during the period. Finally, Bamco Inc. NY lifted its holdings in RH by 128.3% in the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after acquiring an additional 53,395 shares during the period. 90.17% of the stock is owned by institutional investors.

RH Price Performance

Shares of NYSE:RH traded down $1.14 during trading on Friday, hitting $268.13. The company had a trading volume of 455,430 shares, compared to its average volume of 630,315. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 74.27, a price-to-earnings-growth ratio of 1.01 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $388.48. The company has a fifty day simple moving average of $254.73 and a two-hundred day simple moving average of $266.22.

RH (NYSE:RH) last posted its quarterly earnings data 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 company had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. RH’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 earnings per share. On average, equities research analysts anticipate that RH will post 7.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on RH. BNP Paribas raised RH to a “hold” rating in a research note on Friday, June 14th. Wells Fargo & Company decreased their price objective on RH from $360.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Robert W. Baird decreased their price objective on RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Morgan Stanley decreased their price objective on RH from $320.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Monday, June 17th. Finally, Loop Capital decreased their price objective on RH from $350.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, June 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $310.79.

Insider Buying and Selling

In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.10% of the stock is owned by corporate insiders.

About RH

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.