RH (NYSE:RH) Stake Cut by Fred Alger Management LLC

Fred Alger Management LLC decreased its stake in shares of RH (NYSE:RH - Free Report) by 25.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,649 shares of the company's stock after selling 4,915 shares during the period. Fred Alger Management LLC owned about 0.08% of RH worth $4,899,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in RH by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company's stock worth $250,000 after purchasing an additional 35 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company's stock valued at $2,986,000 after buying an additional 38 shares during the period. Pacer Advisors Inc. grew its position in shares of RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company's stock valued at $572,000 after buying an additional 40 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company's stock worth $296,000 after acquiring an additional 47 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in RH by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company's stock worth $579,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com raised RH to a "sell" rating in a report on Thursday, September 19th. Wedbush upgraded RH from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $310.00 to $430.00 in a research note on Monday, October 21st. Citigroup raised their target price on RH from $340.00 to $355.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Morgan Stanley upped their price target on shares of RH from $300.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of RH from $345.00 to $338.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, RH presently has an average rating of "Hold" and an average target price of $326.14.

RH Stock Down 0.4 %

RH traded down $1.42 during trading on Friday, reaching $385.14. The stock had a trading volume of 228,192 shares, compared to its average volume of 589,626. RH has a 1-year low of $212.43 and a 1-year high of $398.22. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 226.55, a price-to-earnings-growth ratio of 2.18 and a beta of 2.43. The stock has a 50 day moving average of $337.50 and a two-hundred day moving average of $289.41.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to analysts' expectations of $824.52 million. During the same quarter last year, the business posted $3.93 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that RH will post 5.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 in the last ninety days. 28.10% of the stock is currently owned by corporate insiders.

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.