RH (NYSE:RH) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of RH (NYSE:RH - Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,313 shares of the company's stock after selling 1,766 shares during the period. Geode Capital Management LLC owned 1.36% of RH worth $83,734,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Texas Permanent School Fund Corp increased its position in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company's stock worth $4,098,000 after purchasing an additional 3,387 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of RH in the 3rd quarter valued at approximately $3,251,000. Cerity Partners LLC increased its holdings in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company's stock worth $864,000 after buying an additional 1,506 shares during the last quarter. BlackBarn Capital Partners LP raised its position in shares of RH by 156.8% during the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company's stock valued at $10,671,000 after buying an additional 26,655 shares during the period. Finally, Ieq Capital LLC lifted its holdings in RH by 18.4% in the second quarter. Ieq Capital LLC now owns 9,711 shares of the company's stock valued at $2,374,000 after acquiring an additional 1,512 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent analyst reports. BNP Paribas reissued an "underperform" rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. TD Cowen upped their target price on shares of RH from $325.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Loop Capital lifted their price target on shares of RH from $320.00 to $450.00 and gave the company a "hold" rating in a research report on Monday. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 price target (up from $430.00) on shares of RH in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $402.40.

RH Stock Up 2.6 %

NYSE RH traded up $10.24 during trading hours on Friday, hitting $398.26. 763,426 shares of the company were exchanged, compared to its average volume of 727,881. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 114.44, a PEG ratio of 2.73 and a beta of 2.44. The company has a 50 day moving average of $355.73 and a two-hundred day moving average of $302.38. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The firm had revenue of $811.73 million for the quarter, compared to analysts' expectations of $812.19 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts predict that RH will post 5.63 EPS for the current year.

Insider Transactions at RH

In related news, insider Edward T. Lee sold 2,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 28.10% of the company's stock.

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.