FORA Capital LLC Invests $3.51 Million in RH (NYSE:RH)

FORA Capital LLC acquired a new stake in RH (NYSE:RH) in the third quarter, Holdings Channel reports. The institutional investor acquired 10,496 shares of the company’s stock, valued at approximately $3,510,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Anomaly Capital Management LP boosted its position in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Marshall Wace LLP lifted its holdings in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares in the last quarter. Victory Capital Management Inc. grew its stake in RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after acquiring an additional 55,999 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of RH by 24.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after acquiring an additional 44,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

RH stock traded down $1.25 during mid-day trading on Wednesday, reaching $384.39. The company had a trading volume of 50,642 shares, compared to its average volume of 713,754. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 226.91, a PEG ratio of 2.20 and a beta of 2.43. RH has a 52 week low of $212.43 and a 52 week high of $398.22. The stock has a 50 day simple moving average of $334.90 and a two-hundred day simple moving average of $287.39.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period last year, the business earned $3.93 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that RH will post 5.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RH. JPMorgan Chase & Co. lowered their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Stifel Nicolaus increased their price objective on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Morgan Stanley raised their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Finally, Robert W. Baird increased their target price on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, RH has a consensus rating of “Hold” and a consensus target price of $326.14.

Insider Transactions at RH

In other news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 in the last ninety days. 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.