Victory Capital Management Inc. Lowers Stake in RH (NYSE:RH)

Victory Capital Management Inc. lessened its position in shares of RH (NYSE:RHFree Report) by 61.0% in the third quarter, according to the company in its most recent Form 13F filing 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 approximately 0.27% of RH worth $16,801,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of RH during the second quarter worth about $62,000. Ameliora Wealth Management Ltd. acquired a new position in shares of RH during the third quarter worth about $110,000. CWM LLC lifted its stake in shares of RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after purchasing an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of RH by 16.3% during the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Up 1.5 %

RH opened at $323.62 on Wednesday. The stock has a fifty day moving average of $326.56 and a 200-day moving average of $284.23. The firm has a market capitalization of $5.97 billion, a P/E ratio of 186.98, a PEG ratio of 1.79 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $367.00.

RH (NYSE:RHGet Free Report) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 earnings per share. On average, analysts expect that RH will post 5.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

RH has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Robert W. Baird boosted their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Citigroup boosted their price target on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Bank of America boosted their price target on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, TD Cowen boosted their price objective on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, RH has a consensus rating of “Hold” and an average target price of $326.14.

Read Our Latest Stock Analysis on RH

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’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 transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

About RH

(Free Report)

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.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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