Insight Advisors LLC PA Trims Position in RH (NYSE:RH)

Insight Advisors LLC PA trimmed its position in RH (NYSE:RH) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,398 shares of the company’s stock after selling 49 shares during the period. Insight Advisors LLC PA’s holdings in RH were worth $342,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RH. D.B. Root & Company LLC increased its position in RH by 15.0% during the 2nd quarter. D.B. Root & Company LLC now owns 8,539 shares of the company’s stock worth $2,087,000 after purchasing an additional 1,113 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of RH by 12.7% in the second quarter. Fulton Bank N.A. now owns 2,034 shares of the company’s stock valued at $497,000 after purchasing an additional 230 shares during the period. First Hawaiian Bank grew its stake in shares of RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after acquiring an additional 3,073 shares in the last quarter. Cetera Advisors LLC increased its holdings in RH by 124.1% during the 1st quarter. Cetera Advisors LLC now owns 1,849 shares of the company’s stock worth $644,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in RH by 542.4% in the first quarter. Virtu Financial LLC now owns 26,684 shares of the company’s stock valued at $9,293,000 after acquiring an additional 22,530 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RH has been the subject of several recent analyst reports. BNP Paribas raised RH to a “hold” rating in a research note on Friday, June 14th. The Goldman Sachs Group reduced their price target on RH from $264.00 to $226.00 and set a “sell” rating for the company in a report on Monday, June 17th. Stifel Nicolaus started coverage on shares of RH in a research report on Tuesday, July 9th. They set a “buy” rating and a $315.00 target price on the stock. Telsey Advisory Group dropped their price target on shares of RH from $320.00 to $290.00 and set a “market perform” rating on the stock in a research report on Friday, June 14th. Finally, Loop Capital decreased their target price on RH from $350.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $310.79.

RH Trading Up 5.5 %

NYSE RH traded up $13.49 during trading hours on Tuesday, hitting $258.94. The company’s stock had a trading volume of 380,696 shares, compared to its average volume of 716,086. The company’s 50-day simple moving average is $255.64 and its two-hundred day simple moving average is $266.37. RH has a 52 week low of $207.26 and a 52 week high of $388.48. The company has a market capitalization of $4.78 billion, a PE ratio of 67.99, a price-to-earnings-growth ratio of 0.97 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 for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The firm 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%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $2.21 EPS. Research analysts anticipate that RH will post 7.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other RH news, CEO Gary G. Friedman bought 34,200 shares of the business’s stock in a transaction on 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 purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.