D.B. Root & Company LLC Acquires 1,113 Shares of RH (NYSE:RH)

D.B. Root & Company LLC increased its position in shares of RH (NYSE:RH) by 15.0% during the second quarter, HoldingsChannel.com reports. The fund owned 8,539 shares of the company’s stock after acquiring an additional 1,113 shares during the period. RH makes up approximately 0.7% of D.B. Root & Company LLC’s holdings, making the stock its 27th largest holding. D.B. Root & Company LLC’s holdings in RH were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC bought a new stake in RH during the 4th quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in RH during the 4th quarter worth approximately $35,000. Quest Partners LLC bought a new stake in RH during the 4th quarter worth approximately $37,000. Hollencrest Capital Management bought a new stake in RH during the 1st quarter worth approximately $47,000. Finally, Tradition Wealth Management LLC increased its holdings in RH by 14.8% during 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 period. Institutional investors own 90.17% of the company’s stock.

RH Trading Down 2.5 %

NYSE RH traded down $6.19 during trading on Monday, hitting $245.45. The company had a trading volume of 364,925 shares, compared to its average volume of 718,264. RH has a one year low of $207.26 and a one year high of $388.48. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 67.76, a price-to-earnings-growth ratio of 0.97 and a beta of 2.42. The company’s fifty day moving average is $256.24 and its 200-day moving average is $266.55.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) 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 the consensus estimate of $725.15 million. During the same quarter last year, the company posted $2.21 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that RH will post 7.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RH shares. Telsey Advisory Group decreased 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. Loop Capital cut their price target on shares of RH from $350.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, June 17th. Robert W. Baird cut their price target on shares of RH from $300.00 to $275.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Wells Fargo & Company cut their price target on shares of RH from $360.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Finally, Stifel Nicolaus initiated coverage on shares of RH in a research note on Tuesday, July 9th. They issued a “buy” rating and a $315.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $310.79.

Insiders Place Their Bets

In related news, CEO Gary G. Friedman acquired 34,200 shares of the firm’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 acquisition, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.