RH (NYSE:RH) Shares Sold by Versor Investments LP

Versor Investments LP trimmed its position in shares of RH (NYSE:RH) by 52.3% in the 3rd quarter, Holdings Channel reports. The firm owned 794 shares of the company’s stock after selling 872 shares during the period. Versor Investments LP’s holdings in RH were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC purchased a new position in RH in the 3rd quarter worth approximately $3,251,000. Crossmark Global Holdings Inc. lifted its position in RH by 16.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,138 shares of the company’s stock worth $380,000 after buying an additional 160 shares in the last quarter. World Equity Group Inc. lifted its position in RH by 16.3% during the third quarter. World Equity Group Inc. now owns 1,023 shares of the company’s stock worth $342,000 after buying an additional 143 shares in the last quarter. New York State Common Retirement Fund boosted its stake in RH by 19.8% during the third quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock worth $15,812,000 after buying an additional 7,800 shares during the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new stake in RH in the 3rd quarter valued at $256,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the topic of several recent research reports. StockNews.com raised shares of RH to a “sell” rating in a research report on Thursday, September 19th. Stifel Nicolaus boosted their target price on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 16th. Bank of America raised their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley upped their price objective on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, Wedbush raised RH from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $310.00 to $430.00 in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $326.14.

Insider Buying and Selling

In other news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 in the last three months. 28.10% of the stock is owned by corporate insiders.

RH Stock Performance

Shares of RH opened at $315.70 on Friday. The stock has a market capitalization of $5.82 billion, a PE ratio of 185.71, a P/E/G ratio of 1.84 and a beta of 2.43. The company’s 50-day simple moving average is $325.01 and its 200-day simple moving average is $283.31. RH has a 1 year low of $212.43 and a 1 year high of $367.00.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 earnings per share. On average, sell-side analysts predict that RH will post 5.67 earnings per share for the current year.

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.