Ieq Capital LLC Increases Position in RH (NYSE:RH)

Ieq Capital LLC raised its stake in shares of RH (NYSE:RH - Free Report) by 18.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,711 shares of the company's stock after purchasing an additional 1,512 shares during the period. Ieq Capital LLC owned 0.05% of RH worth $2,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RH. Creekmur Asset Management LLC bought a new stake in RH in the fourth quarter worth $25,000. Quest Partners LLC purchased a new stake in shares of RH during the 4th quarter valued at about $37,000. Hollencrest Capital Management bought a new position in shares of RH in the 1st quarter valued at about $47,000. Ridgewood Investments LLC purchased a new position in RH in the second quarter worth about $62,000. Finally, Tradition Wealth Management LLC grew its position in RH by 14.8% in the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company's stock worth $102,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

RH has been the subject of several analyst reports. StockNews.com raised RH to a "sell" rating in a research note on Thursday. Citigroup raised their price target on RH from $340.00 to $355.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Bank of America lifted their price objective on shares of RH from $310.00 to $359.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Stifel Nicolaus increased their target price on shares of RH from $315.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 16th. Finally, Morgan Stanley lifted their price target on shares of RH from $300.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $322.54.

RH Stock Down 1.3 %

NYSE:RH traded down $4.65 during midday trading on Friday, hitting $344.28. The stock had a trading volume of 956,541 shares, compared to its average volume of 750,557. The stock has a 50-day moving average of $272.03 and a 200 day moving average of $268.65. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $354.86.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate 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%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.93 EPS. On average, sell-side analysts anticipate that RH will post 6.2 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the business's 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 completion of the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares of the company's stock, valued at approximately $3,714,034.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is owned by corporate insiders.

About RH

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.