Lincoln Capital LLC Invests $220,000 in RH (NYSE:RH)

Lincoln Capital LLC purchased a new stake in shares of RH (NYSE:RH) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 632 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new stake in RH in the 4th quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in RH during the fourth quarter worth $35,000. Quest Partners LLC purchased a new position in RH in the fourth quarter worth $37,000. Global Retirement Partners LLC grew its stake in RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares during the period. Finally, Tradition Wealth Management LLC increased its position in shares of RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after purchasing an additional 45 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of RH from $320.00 to $300.00 and set an “equal weight” rating for the company in a research report on Monday, June 17th. StockNews.com raised shares of RH to a “sell” rating in a report on Friday, June 21st. Barclays increased their price objective on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Oppenheimer restated a “market perform” rating on shares of RH in a research note on Monday, April 1st. Finally, Wells Fargo & Company cut their price target on RH from $360.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $310.46.

RH Stock Up 2.1 %

Shares of NYSE RH traded up $5.04 during trading hours on Friday, reaching $244.34. 333,122 shares of the stock traded hands, compared to its average volume of 731,326. The company’s 50-day simple moving average is $259.20 and its two-hundred day simple moving average is $271.07. The company has a market capitalization of $4.51 billion, a P/E ratio of 66.30, a price-to-earnings-growth ratio of 0.80 and a beta of 2.51. RH has a 52-week low of $207.26 and a 52-week high of $406.38.

RH (NYSE:RH) last announced its quarterly earnings data 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 negative return on equity of 29.15% and a net margin of 2.72%. The business had revenue of $726.96 million during the quarter, compared to the consensus estimate of $725.15 million. During the same quarter in the previous year, the firm posted $2.21 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that RH will post 8.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mark S. Demilio sold 1,000 shares of the firm’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 value of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Friedman purchased 34,200 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the transaction, the chief executive officer now directly owns 3,339,263 shares in the company, valued at $717,941,545. The disclosure for this purchase can be found here. Insiders sold 103,000 shares of company stock valued at $28,897,430 over the last three months. Insiders own 28.10% of the company’s stock.

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.