Edgestream Partners L.P. Makes New Investment in RH (NYSE:RH)

Edgestream Partners L.P. purchased a new position in RH (NYSE:RH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,353 shares of the company’s stock, valued at approximately $2,561,000.

A number of other hedge funds also recently bought and sold shares of RH. Xcel Wealth Management LLC lifted its stake in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock worth $27,799,000 after buying an additional 6,165 shares in the last quarter. Locust Wood Capital Advisers LLC lifted its position in RH by 190.9% in the 4th 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 in the last quarter. Findell Capital Management LLC purchased a new stake in RH during the 4th quarter valued at $5,247,000. First Eagle Investment Management LLC increased its holdings in shares of RH by 247.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,732 shares of the company’s stock worth $4,003,000 after purchasing an additional 9,780 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of RH in the first quarter worth $4,637,000. Institutional investors own 90.17% of the company’s stock.

Insider Transactions at RH

In other news, CEO Gary G. Friedman bought 34,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other RH news, CEO Gary G. Friedman acquired 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The shares were acquired 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 directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction dated 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. Corporate insiders own 28.10% of the company’s stock.

RH Trading Down 0.7 %

NYSE RH traded down $1.73 on Tuesday, hitting $255.96. 44,924 shares of the company traded hands, compared to its average volume of 721,952. The business’s 50 day moving average price is $257.21 and its 200-day moving average price is $266.62. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 71.38, a P/E/G ratio of 1.03 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The company had revenue of $726.96 million for 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%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 earnings per share. As a group, sell-side analysts predict that RH will post 8.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird dropped their price objective on RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Oppenheimer reiterated a “market perform” rating on shares of RH in a research note on Monday, April 1st. Loop Capital lowered their price objective on shares of RH from $350.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, June 17th. Morgan Stanley cut their target price 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. Finally, Wedbush lowered their price target on RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus target price of $310.79.

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.