Ridgewood Investments LLC Makes New Investment in RH (NYSE:RH)

Ridgewood Investments LLC bought a new position in shares of RH (NYSE:RH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 253 shares of the company’s stock, valued at approximately $62,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creekmur Asset Management LLC bought a new position in shares of RH during the 4th quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of RH in the fourth quarter valued at $35,000. Quest Partners LLC purchased a new position in shares of RH during the 4th quarter valued at $37,000. Hollencrest Capital Management bought a new position in shares of RH during the 1st quarter worth $47,000. Finally, Tradition Wealth Management LLC increased its holdings in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Trading Down 4.5 %

Shares of RH stock traded down $12.04 during trading on Thursday, hitting $255.12. The stock had a trading volume of 415,580 shares, compared to its average volume of 707,010. RH has a 12 month low of $207.26 and a 12 month high of $388.48. The business’s 50-day moving average is $258.60 and its 200 day moving average is $267.02. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 70.67, a P/E/G ratio of 1.06 and a beta of 2.42.

RH (NYSE:RH) last announced its earnings results 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). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The company had revenue of $726.96 million during the quarter, compared to analysts’ expectations of $725.15 million. During the same quarter last year, the firm posted $2.21 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. As a group, equities analysts expect that RH will post 7.69 EPS for the current year.

Insider Buying and Selling

In other RH news, CEO Gary G. Friedman purchased 34,200 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was 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 in the company, valued at approximately $717,941,545. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 28.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on RH. Wedbush decreased their price objective on RH from $320.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, June 14th. Stifel Nicolaus initiated coverage on shares of RH in a report on Tuesday, July 9th. They set a “buy” rating and a $315.00 target price on the stock. StockNews.com raised shares of RH to a “sell” rating in a report on Friday, June 21st. Telsey Advisory Group lowered their target price on shares of RH from $320.00 to $290.00 and set a “market perform” rating on the stock in a report on Friday, June 14th. Finally, Robert W. Baird lowered their target price on shares of RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Two investment 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 MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.