Deepwater Asset Management LLC Acquires 3,491 Shares of RH (NYSE:RH)

Deepwater Asset Management LLC boosted its holdings in shares of RH (NYSE:RH) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,523 shares of the company’s stock after purchasing an additional 3,491 shares during the quarter. RH comprises approximately 5.7% of Deepwater Asset Management LLC’s holdings, making the stock its 3rd largest position. Deepwater Asset Management LLC owned about 0.24% of RH worth $15,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RH. Creekmur Asset Management LLC bought a new stake in shares of RH in the fourth quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in RH in the 4th quarter valued at $35,000. Quest Partners LLC acquired a new stake in RH in the 4th quarter worth $37,000. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 77 shares during the period. Finally, Tradition Wealth Management LLC raised its position in shares of RH by 14.8% during the fourth 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 last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

RH has been the topic of several research reports. TD Cowen lowered their price target on RH from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Bank of America reduced their target price on RH from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, June 14th. JPMorgan Chase & Co. boosted their price target on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. BNP Paribas raised shares of RH to a “hold” rating in a report on Friday, June 14th. Finally, Barclays boosted their price target on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus price target of $310.46.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 1,000 shares of RH 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 sale, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Gary G. Friedman bought 34,200 shares of the business’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 acquisition, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company’s stock.

RH Stock Performance

Shares of NYSE RH traded up $7.42 during trading on Tuesday, reaching $246.09. The company had a trading volume of 267,646 shares, compared to its average volume of 733,301. RH has a 52 week low of $207.26 and a 52 week high of $406.38. The business’s 50 day moving average price is $259.15 and its 200-day moving average price is $270.51. The stock has a market cap of $4.54 billion, a PE ratio of 66.05, a PEG ratio of 0.91 and a beta of 2.42.

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 firm had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 EPS. Equities analysts anticipate that RH will post 8.15 earnings per share for the current year.

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.