Victory Capital Management Inc. Has $16.80 Million Holdings in RH (NYSE:RH)

Victory Capital Management Inc. cut its stake in RH (NYSE:RH - Free Report) by 61.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,239 shares of the company's stock after selling 78,472 shares during the period. Victory Capital Management Inc. owned about 0.27% of RH worth $16,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anomaly Capital Management LP lifted its holdings in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company's stock worth $85,365,000 after buying an additional 291,368 shares during the last quarter. Marshall Wace LLP increased its position in RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company's stock worth $42,612,000 after purchasing an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD increased its position in RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock worth $231,728,000 after purchasing an additional 62,198 shares during the period. Bamco Inc. NY increased its position in RH by 128.3% during the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company's stock worth $33,084,000 after purchasing an additional 53,395 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of RH by 24.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company's stock worth $55,548,000 after acquiring an additional 44,278 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RH

In other news, 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 completion of the sale, the insider now directly owns 78 shares of the company's stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 directly owns 10,914 shares of the company's stock, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 in the last quarter. Insiders own 28.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RH shares. Wells Fargo & Company upped their price target on RH from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. StockNews.com raised RH to a "sell" rating in a research note on Thursday, September 19th. TD Cowen increased their price target on RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Barclays cut their target price on RH from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $326.14.

RH Trading Up 4.1 %

RH stock traded up $13.12 during trading on Wednesday, reaching $336.80. The stock had a trading volume of 769,429 shares, compared to its average volume of 716,572. The firm has a fifty day moving average price of $328.15 and a 200 day moving average price of $284.57. The company has a market capitalization of $6.21 billion, a P/E ratio of 202.47, a PEG ratio of 1.79 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $367.00.

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

RH Company 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.