Tidal Investments LLC Raises Position in RH (NYSE:RH)

Tidal Investments LLC lifted its stake in RH (NYSE:RH) by 1,304.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,227 shares of the company’s stock after buying an additional 13,214 shares during the period. Tidal Investments LLC owned approximately 0.08% of RH worth $4,955,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Creekmur Asset Management LLC acquired a new stake in RH in the fourth quarter worth about $25,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of RH in the fourth quarter worth $35,000. Quest Partners LLC bought a new stake in shares of RH in the 4th quarter valued at approximately $37,000. Hollencrest Capital Management acquired a new position in RH during the first quarter worth $47,000. Finally, 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 buying an additional 77 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gary G. Friedman acquired 34,200 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, for a total transaction 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 approximately $717,941,545. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

RH Stock Down 3.4 %

RH stock traded down $9.95 during trading on Thursday, reaching $280.13. The company’s stock had a trading volume of 243,060 shares, compared to its average volume of 719,702. The company’s fifty day moving average is $256.38 and its 200-day moving average is $266.81. RH has a 1 year low of $207.26 and a 1 year high of $406.38. The company has a market capitalization of $5.17 billion, a P/E ratio of 79.08, a price-to-earnings-growth ratio of 1.08 and a beta of 2.42.

RH (NYSE:RH) last released its earnings results on Thursday, June 13th. The company reported ($0.40) 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 analysts’ expectations of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. RH’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 EPS. Analysts anticipate that RH will post 8.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wedbush lowered their target price on shares of RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. TD Cowen lowered their price target on RH from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, June 14th. StockNews.com upgraded shares of RH to a “sell” rating in a report on Friday, June 21st. The Goldman Sachs Group cut their price objective on RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday, June 17th. Finally, Robert W. Baird reduced their target price on RH from $300.00 to $275.00 and set a “neutral” 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 given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus price target of $310.79.

RH 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.