FORA Capital LLC Purchases New Position in RH (NYSE:RH)

FORA Capital LLC acquired a new position in RH (NYSE:RH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,496 shares of the company’s stock, valued at approximately $3,510,000. FORA Capital LLC owned about 0.06% of RH as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Centaurus Financial Inc. acquired a new position in shares of RH during the 3rd quarter worth $100,000. Cerity Partners LLC boosted its holdings in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after buying an additional 38,572 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in RH during the third quarter valued at about $201,000. Finally, Quest Partners LLC lifted its position in shares of RH by 57.5% in the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after buying an additional 328 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RH has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price target on shares of RH in a report on Tuesday, September 10th. BNP Paribas restated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Finally, StockNews.com upgraded shares of RH to a “sell” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $326.14.

RH Stock Performance

Shares of NYSE:RH traded down $1.25 on Wednesday, hitting $384.39. The stock had a trading volume of 50,642 shares, compared to its average volume of 713,754. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 226.91, a price-to-earnings-growth ratio of 2.20 and a beta of 2.43. The firm’s 50 day moving average price is $334.90 and its 200-day moving average price is $287.39. RH has a twelve month low of $212.43 and a twelve month high of $398.22.

RH (NYSE:RH) last issued its quarterly earnings data 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 negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the previous year, the company posted $3.93 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that RH will post 5.66 EPS for the current year.

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.