Hodges Capital Management Inc. Boosts Position in RH (NYSE:RH)

Hodges Capital Management Inc. lifted its holdings in shares of RH (NYSE:RH) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,155 shares of the company’s stock after acquiring an additional 418 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.10% of RH worth $6,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anomaly Capital Management LP boosted its position in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after purchasing an additional 18,563 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Marshall Wace LLP raised its holdings in RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

RH stock opened at $376.10 on Friday. RH has a one year low of $212.43 and a one year high of $398.22. The business’s fifty day moving average is $341.02 and its 200 day moving average is $292.67. The stock has a market capitalization of $6.94 billion, a PE ratio of 221.24, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same quarter last year, the firm posted $3.93 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that RH will post 5.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RH. Robert W. Baird boosted their target price on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. TD Cowen boosted their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Citigroup raised their target price on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. BNP Paribas reissued an “underperform” rating and issued a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $332.73.

Insiders Place Their Bets

In other RH news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

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.