RH (NYSE:RH) Position Increased by BlackBarn Capital Partners LP

BlackBarn Capital Partners LP lifted its stake in RH (NYSE:RH - Free Report) by 156.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,655 shares of the company's stock after acquiring an additional 26,655 shares during the quarter. RH accounts for 0.9% of BlackBarn Capital Partners LP's investment portfolio, making the stock its 9th largest position. BlackBarn Capital Partners LP owned 0.24% of RH worth $10,671,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its position in 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 acquiring an additional 38 shares in the last quarter. Insight Advisors LLC PA grew its holdings in shares of RH by 2.8% in the first quarter. Insight Advisors LLC PA now owns 1,447 shares of the company's stock valued at $504,000 after purchasing an additional 39 shares in the last quarter. Pacer Advisors Inc. increased its stake in RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company's stock worth $572,000 after buying an additional 40 shares during the period. Tradition Wealth Management LLC lifted its holdings in RH by 14.8% during the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company's stock worth $102,000 after buying an additional 45 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in RH by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,378 shares of the company's stock valued at $4,659,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction 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 sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company's stock, valued at $3,714,034.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the company'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 value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company's stock, valued at $27,016.86. The disclosure for this sale can be found here. 28.10% of the stock is owned by company insiders.

RH Price Performance

Shares of RH stock traded down $8.86 during trading hours on Wednesday, hitting $335.74. The company had a trading volume of 498,866 shares, compared to its average volume of 745,906. The company's 50-day moving average is $274.42 and its two-hundred day moving average is $269.61. The company has a market cap of $6.19 billion, a P/E ratio of 95.45, a price-to-earnings-growth ratio of 1.97 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $354.86.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter last year, the company posted $3.93 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that RH will post 5.61 EPS for the current year.

Analyst Ratings Changes

RH has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on RH from $315.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 16th. Morgan Stanley upped their price target on RH from $300.00 to $310.00 and gave the stock an "equal weight" rating in a report on Friday, September 13th. BNP Paribas upgraded RH to a "hold" rating in a research note on Friday, June 14th. TD Cowen upped their target price on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Finally, Robert W. Baird raised their target price on shares of RH from $275.00 to $290.00 and gave the company a "neutral" rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $322.54.

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.