Bamco Inc. NY Increases Stake in RH (NYSE:RH)

Bamco Inc. NY raised its stake in shares of RH (NYSE:RH) by 128.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,998 shares of the company’s stock after buying an additional 53,395 shares during the quarter. Bamco Inc. NY owned about 0.52% of RH worth $33,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in RH. Price T Rowe Associates Inc. MD grew its holdings in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after purchasing an additional 62,198 shares in the last quarter. Senvest Management LLC grew its holdings in shares of RH by 47.4% in the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company’s stock valued at $101,877,000 after purchasing an additional 112,455 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RH by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock valued at $77,260,000 after purchasing an additional 15,312 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of RH by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 135,789 shares of the company’s stock valued at $39,580,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of RH in the fourth quarter valued at $38,736,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RH shares. Loop Capital cut their target price on shares of RH from $350.00 to $230.00 and set a “hold” rating for the company in a report on Monday, June 17th. 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 report on Friday, June 14th. Barclays raised their price target on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. The Goldman Sachs Group lowered their price target on RH from $264.00 to $226.00 and set a “sell” rating for the company in a research report on Monday, June 17th. Finally, Morgan Stanley lowered their price target on RH from $320.00 to $300.00 and set an “equal weight” rating for the company in a research report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $310.79.

RH Trading Up 7.8 %

Shares of RH stock traded up $20.32 during trading on Friday, hitting $280.97. 889,221 shares of the stock traded hands, compared to its average volume of 627,148. The firm has a market cap of $5.18 billion, a P/E ratio of 77.83, a price-to-earnings-growth ratio of 1.07 and a beta of 2.42. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The stock’s fifty day simple moving average is $255.25 and its 200 day simple moving average is $266.43.

RH (NYSE:RH) last posted 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 net margin of 2.72% and a negative return on equity of 29.15%. 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 earned $2.21 EPS. RH’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts expect that RH will post 8.01 EPS for the current year.

Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction dated Monday, May 6th. The stock was 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 SEC, which is available at the SEC website. In related news, CEO Gary G. Friedman purchased 34,200 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction 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. 28.10% of the stock is owned by insiders.

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.