Geode Capital Management LLC Trims Holdings in RH (NYSE:RH)

Geode Capital Management LLC decreased its holdings in RH (NYSE:RH) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,419 shares of the company’s stock after selling 894 shares during the quarter. Geode Capital Management LLC owned about 1.34% of RH worth $98,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RH. UMB Bank n.a. increased its stake in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the period. Versant Capital Management Inc increased its stake in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after buying an additional 70 shares during the period. GAMMA Investing LLC increased its stake in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the period. Rakuten Securities Inc. increased its stake in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after buying an additional 72 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in RH in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RH shares. Wedbush lowered their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Bank of America downgraded shares of RH from a “buy” rating to an “underperform” rating and cut their price target for the company from $410.00 to $130.00 in a report on Thursday, April 3rd. Citigroup reiterated a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Telsey Advisory Group cut their price target on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 3rd. Finally, Stifel Nicolaus cut their price target on shares of RH from $450.00 to $390.00 and set a “buy” rating for the company in a report on Monday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $283.94.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 600 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,880 shares of company stock valued at $24,550,754. Insiders own 28.10% of the company’s stock.

RH Price Performance

RH stock opened at $190.25 on Thursday. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a market capitalization of $3.56 billion, a P/E ratio of 54.67, a P/E/G ratio of 2.65 and a beta of 2.44. The firm’s 50-day moving average is $286.67 and its two-hundred day moving average is $342.22.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period in the prior year, the business posted $0.72 earnings per share. RH’s revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that RH will post 4.39 EPS for the current 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.