Blankinship & Foster LLC Acquires New Holdings in RH (NYSE:RH)

Blankinship & Foster LLC bought a new position in shares of RH (NYSE:RH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,531 shares of the company’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Anomaly Capital Management LP boosted 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 acquiring an additional 291,368 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after buying an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after acquiring an additional 18,563 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Trading Down 4.2 %

RH stock traded down $16.79 on Thursday, hitting $382.16. 135,663 shares of the stock traded hands, compared to its average volume of 707,411. RH has a 1 year low of $212.43 and a 1 year high of $403.39. The firm has a market cap of $7.05 billion, a P/E ratio of 234.73, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44. The business’s fifty day simple moving average is $344.61 and its 200 day simple moving average is $295.63.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the previous year, the firm posted $3.93 earnings per share. RH’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that RH will post 5.63 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RH. StockNews.com raised RH to a “sell” rating in a report on Thursday, September 19th. Loop Capital lifted their price target on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Guggenheim reaffirmed a “buy” rating and issued a $425.00 price objective on shares of RH in a research note on Wednesday, December 4th. Wedbush raised shares of RH from a “neutral” rating to an “outperform” rating and increased their target price for the company from $310.00 to $430.00 in a report on Monday, October 21st. Finally, Telsey Advisory Group boosted their price target on shares of RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and an average price target of $338.40.

Insider Transactions at RH

In other news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock valued at $2,871,935 in the last ninety days. 28.10% of the stock is currently owned by corporate insiders.

About RH

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.