Semanteon Capital Management LP Invests $352,000 in RH (NYSE:RH)

Semanteon Capital Management LP purchased a new position in RH (NYSE:RH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,052 shares of the company’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Anomaly Capital Management LP lifted its position in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares in the last quarter. Marshall Wace LLP lifted its position in RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after buying an additional 64,423 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after buying an additional 62,198 shares during the last quarter. Victory Capital Management Inc. increased its stake in RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares during the period. Finally, Bamco Inc. NY increased its stake in shares of 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 buying an additional 53,395 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $1,484,195.45. Following the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 over the last 90 days. 28.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RH. Robert W. Baird upped their price target on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Citigroup increased their price target on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. 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 report on Monday, September 16th. Wells Fargo & Company lifted their price objective on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Barclays decreased their price target on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $331.77.

RH Price Performance

NYSE:RH opened at $324.45 on Tuesday. RH has a 12-month low of $207.26 and a 12-month high of $367.00. The firm has a market capitalization of $5.98 billion, a P/E ratio of 190.85, a P/E/G ratio of 1.86 and a beta of 2.43. The business has a 50 day simple moving average of $306.05 and a 200 day simple moving average of $275.76.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the previous year, the firm posted $3.93 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that RH will post 5.61 EPS for the current fiscal 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.