SCP Investment LP Cuts Position in RH (NYSE:RH)

SCP Investment LP reduced its position in RH (NYSE:RH - Free Report) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,000 shares of the company's stock after selling 7,500 shares during the quarter. RH accounts for approximately 16.5% of SCP Investment LP's investment portfolio, making the stock its 3rd largest holding. SCP Investment LP owned approximately 0.37% of RH worth $22,741,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RH. Russell Investments Group Ltd. raised its stake in RH by 1.9% in the 1st quarter. Russell Investments Group Ltd. now owns 14,503 shares of the company's stock valued at $5,051,000 after purchasing an additional 266 shares during the last quarter. Senator Investment Group LP grew its stake in shares of RH by 22.0% in the 1st quarter. Senator Investment Group LP now owns 61,000 shares of the company's stock valued at $21,244,000 after purchasing an additional 11,000 shares during the last quarter. Lazard Asset Management LLC grew its holdings in RH by 68.7% during the first quarter. Lazard Asset Management LLC now owns 13,660 shares of the company's stock worth $4,757,000 after acquiring an additional 5,565 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock worth $231,728,000 after acquiring an additional 62,198 shares during the period. Finally, Bamco Inc. NY grew its holdings in RH by 128.3% during the first quarter. Bamco Inc. NY now owns 94,998 shares of the company's stock worth $33,084,000 after acquiring an additional 53,395 shares during the period. 90.17% of the stock is currently owned by institutional investors.

RH Stock Up 4.1 %

Shares of RH traded up $13.12 during trading hours on Wednesday, reaching $336.80. The stock had a trading volume of 769,624 shares, compared to its average volume of 716,572. The firm has a 50-day moving average of $328.15 and a 200 day moving average of $284.57. The company has a market cap of $6.21 billion, a P/E ratio of 202.47, a P/E/G ratio of 1.79 and a beta of 2.43. RH has a 52 week low of $212.43 and a 52 week high of $367.00.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same period last year, the business posted $3.93 EPS. RH's revenue was up 3.6% on a year-over-year basis. As a group, equities analysts expect that RH will post 5.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on RH from $345.00 to $338.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Barclays cut their price target on RH from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Bank of America raised their target price on RH from $310.00 to $359.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Wells Fargo & Company lifted their target price on RH from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, RH presently has an average rating of "Hold" and an average target price of $326.14.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The shares were 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 directly owns 10,914 shares of the company's stock, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the company's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares in the company, valued at $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 over the last quarter. Corporate insiders own 28.10% of the company's stock.

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.