RH (NYSE:RH) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. cut its holdings in RH (NYSE:RH - Free Report) by 32.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,850 shares of the company's stock after selling 7,727 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.09% of RH worth $5,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Creekmur Asset Management LLC bought a new stake in RH in the 4th quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in RH in the 4th quarter worth approximately $35,000. Quest Partners LLC bought a new stake in RH in the 4th quarter worth approximately $37,000. Global Retirement Partners LLC grew its position in RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company's stock worth $41,000 after purchasing an additional 77 shares during the period. Finally, Tradition Wealth Management LLC grew its position in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company's stock worth $102,000 after purchasing an additional 45 shares during the period. 90.17% of the stock is owned by institutional investors.

RH Stock Up 2.1 %

RH stock traded up $5.14 during mid-day trading on Friday, hitting $244.44. The company had a trading volume of 1,174,779 shares, compared to its average volume of 1,026,155. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 67.71, a P/E/G ratio of 0.89 and a beta of 2.51. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The company has a 50-day moving average price of $259.28 and a 200 day moving average price of $271.16.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The company had revenue of $726.96 million during the quarter, compared to analysts' expectations of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 EPS. As a group, analysts expect that RH will post 8.15 EPS for the current year.

Wall Street Analysts Forecast Growth

RH has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of RH from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Friday, June 14th. The Goldman Sachs Group cut their price objective on shares of RH from $264.00 to $226.00 and set a "sell" rating for the company in a research report on Monday, June 17th. StockNews.com raised shares of RH to a "sell" rating in a research report on Friday, June 21st. TD Cowen cut their price objective on shares of RH from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Friday, June 14th. Finally, Telsey Advisory Group cut their price objective on shares of RH from $320.00 to $290.00 and set a "market perform" rating for the company in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, RH currently has an average rating of "Hold" and an average target price of $310.46.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 100,000 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Eri Chaya sold 100,000 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary G. Friedman bought 34,200 shares of the firm's stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The disclosure for this purchase can be found here. Insiders have sold a total of 103,000 shares of company stock worth $28,897,430 in the last 90 days. 28.10% of the stock is currently owned by corporate 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.