Game Plan Financial Advisors LLC Has $1.86 Million Holdings in RH (NYSE:RH)

Game Plan Financial Advisors LLC increased its holdings in RH (NYSE:RH) by 72.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,609 shares of the company’s stock after purchasing an additional 3,190 shares during the period. Game Plan Financial Advisors LLC’s holdings in RH were worth $1,860,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Locust Wood Capital Advisers LLC grew its stake in shares of RH by 190.9% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock worth $25,478,000 after purchasing an additional 57,362 shares during the period. Findell Capital Management LLC bought a new stake in RH in the fourth quarter valued at approximately $5,247,000. First Eagle Investment Management LLC grew its holdings in shares of RH by 247.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,732 shares of the company’s stock valued at $4,003,000 after buying an additional 9,780 shares during the period. First Hawaiian Bank grew its stake in shares of RH by 116.2% during the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after acquiring an additional 3,073 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in RH during the 1st quarter worth about $2,200,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wedbush dropped their target price on shares of RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Robert W. Baird cut their target price on RH from $300.00 to $275.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. BNP Paribas raised shares of RH to a “hold” rating in a report on Friday, June 14th. Bank of America lowered their price target on RH from $375.00 to $325.00 and set a “buy” rating for the company in a report on Friday, June 14th. Finally, TD Cowen reduced their price target on RH from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $310.79.

Insider Activity at RH

In related news, CEO Gary G. Friedman acquired 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the transaction, the chief executive officer now directly owns 3,339,263 shares in the company, valued at $717,941,545. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.10% of the stock is currently owned by company insiders.

RH Trading Down 0.7 %

Shares of RH stock traded down $1.66 during midday trading on Friday, reaching $253.70. 454,318 shares of the stock were exchanged, compared to its average volume of 590,230. The firm has a market cap of $4.68 billion, a PE ratio of 70.28, a price-to-earnings-growth ratio of 1.00 and a beta of 2.42. The company’s 50 day moving average is $259.35 and its two-hundred day moving average is $266.86. RH has a 1 year low of $207.26 and a 1 year high of $388.48.

RH (NYSE:RH) last announced its earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The business had revenue of $726.96 million for the quarter, compared to the consensus estimate of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. RH’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 EPS. As a group, equities analysts expect that RH will post 7.69 EPS for the current fiscal year.

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.