SCP Investment LP Has $22.74 Million Stake in RH (NYSE:RH)

SCP Investment LP cut its stake in shares of RH (NYSE:RH) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,000 shares of the company’s stock after selling 7,500 shares during the quarter. RH accounts for about 16.5% of SCP Investment LP’s investment portfolio, making the stock its 3rd largest holding. SCP Investment LP owned approximately 0.37% of RH worth $22,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of RH. Blue Trust Inc. grew its stake in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in RH in the 2nd quarter worth approximately $62,000. Ameliora Wealth Management Ltd. bought a new stake in shares of RH in the 3rd quarter worth approximately $110,000. KBC Group NV increased its stake in shares of RH by 25.8% during the third quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after buying an additional 93 shares during the period. Finally, CWM LLC raised its holdings in shares of RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Price Performance

Shares of NYSE:RH opened at $323.62 on Wednesday. The business has a fifty day moving average price of $326.56 and a 200-day moving average price of $284.23. The company has a market capitalization of $5.97 billion, a PE ratio of 190.37, a PEG ratio of 1.79 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $367.00.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $3.93 EPS. On average, sell-side analysts anticipate that RH will post 5.65 earnings per share for the current fiscal year.

Insider Activity at RH

In other news, insider Stefan Duban sold 4,285 shares of the business’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 transaction, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on RH shares. Loop Capital lifted their price target on shares of RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. JPMorgan Chase & Co. cut their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday, September 19th. Wedbush raised RH from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Finally, Citigroup upped their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and a consensus target price of $326.14.

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.