Nixon Capital LLC lessened its holdings in shares of RH (NYSE:RH - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,530 shares of the company's stock after selling 11,468 shares during the quarter. RH comprises approximately 3.2% of Nixon Capital LLC's holdings, making the stock its 16th largest position. Nixon Capital LLC owned approximately 0.14% of RH worth $10,048,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Quantinno Capital Management LP boosted its stake in RH by 58.4% during the 3rd quarter. Quantinno Capital Management LP now owns 1,825 shares of the company's stock valued at $610,000 after purchasing an additional 673 shares in the last quarter. Weiss Asset Management LP bought a new position in RH during the third quarter valued at about $566,000. Wellington Management Group LLP boosted its stake in RH by 43.8% during the third quarter. Wellington Management Group LLP now owns 39,374 shares of the company's stock valued at $13,168,000 after buying an additional 11,991 shares in the last quarter. National Bank of Canada FI grew its holdings in RH by 2.4% during the third quarter. National Bank of Canada FI now owns 18,494 shares of the company's stock worth $6,185,000 after acquiring an additional 434 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in RH in the third quarter worth about $715,000. 90.17% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Bank of America cut RH from a "buy" rating to an "underperform" rating and dropped their price target for the company from $410.00 to $130.00 in a report on Thursday, April 3rd. Citigroup reissued a "neutral" rating and set a $200.00 price objective (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Guggenheim cut their target price on RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Wedbush reduced their target price on RH from $500.00 to $350.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $283.94.
Read Our Latest Stock Report on RH
Insiders Place Their Bets
In other RH news, insider Edward T. Lee sold 600 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock valued at $24,550,754 over the last ninety days. Corporate insiders own 28.10% of the company's stock.
RH Price Performance
RH traded down $7.27 during trading on Friday, reaching $164.81. 2,608,942 shares of the stock traded hands, compared to its average volume of 910,345. The stock's 50-day simple moving average is $277.36 and its two-hundred day simple moving average is $339.84. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 47.36, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.
RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.
RH Company Profile
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Free Report)
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.
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