Geode Capital Management LLC Has $83.73 Million Stock Position in RH (NYSE:RH)

Geode Capital Management LLC cut its stake in RH (NYSE:RH) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,313 shares of the company’s stock after selling 1,766 shares during the period. Geode Capital Management LLC’s holdings in RH were worth $83,734,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in shares of RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after acquiring an additional 3,387 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of RH during the 3rd quarter worth about $3,251,000. Cerity Partners LLC boosted its position in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after buying an additional 1,506 shares in the last quarter. BlackBarn Capital Partners LP grew its stake in RH by 156.8% during the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after buying an additional 26,655 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of RH by 18.4% during the second quarter. Ieq Capital LLC now owns 9,711 shares of the company’s stock worth $2,374,000 after buying an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Down 2.1 %

RH stock opened at $388.02 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market cap of $7.22 billion, a P/E ratio of 111.50, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The business’s fifty day moving average is $354.37 and its 200-day moving average is $301.53.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.42) EPS. Research analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

RH has been the topic of several recent analyst reports. Guggenheim boosted their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Morgan Stanley boosted their price objective on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Barclays lowered their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $485.00 to $500.00 in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, RH presently has a consensus rating of “Hold” and a consensus target price of $402.40.

Insider Buying and Selling

In other RH news, Director Keith Belling sold 500 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. 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.