Blueshift Asset Management LLC Sells 12,499 Shares of RH (NYSE:RH)

Blueshift Asset Management LLC cut its holdings in shares of RH (NYSE:RH) by 80.0% during the third quarter, Holdings Channel.com reports. The fund owned 3,132 shares of the company’s stock after selling 12,499 shares during the period. Blueshift Asset Management LLC’s holdings in RH were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Texas Permanent School Fund Corp raised its holdings in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after acquiring an additional 3,387 shares during the period. First Hawaiian Bank grew its position in shares of RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after purchasing an additional 3,073 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of RH during the third quarter valued at about $3,251,000. Tidal Investments LLC grew its position in shares of RH by 1,304.4% during the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock valued at $4,955,000 after purchasing an additional 13,214 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in shares of RH during the second quarter valued at about $793,000. 90.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RH. Stifel Nicolaus raised their price objective on RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. TD Cowen lifted their price target on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research 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. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $310.00 to $430.00 in a research note on Monday, October 21st. Finally, Wells Fargo & Company lifted their price target on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $326.14.

Insider Activity

In other RH news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were 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 in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 over the last ninety days. 28.10% of the stock is currently owned by insiders.

RH Price Performance

Shares of RH opened at $385.74 on Wednesday. The firm has a market capitalization of $7.11 billion, a PE ratio of 226.91, a price-to-earnings-growth ratio of 2.20 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $398.22. The company’s fifty day moving average price is $334.90 and its 200-day moving average price is $287.39.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.93 earnings per share. As a group, research analysts anticipate that RH will post 5.66 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.