X Square Capital LLC Decreases Stock Holdings in RH (NYSE:RH)

X Square Capital LLC lessened its holdings in RH (NYSE:RH) by 22.4% during the third quarter, HoldingsChannel.com reports. The fund owned 10,697 shares of the company’s stock after selling 3,079 shares during the quarter. RH makes up about 1.6% of X Square Capital LLC’s portfolio, making the stock its 17th biggest holding. X Square Capital LLC’s holdings in RH were worth $3,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Blue Trust Inc. grew its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Hollencrest Capital Management acquired a new stake in RH during the 1st quarter valued at $47,000. Ridgewood Investments LLC acquired a new stake in RH during the 2nd quarter valued at $62,000. Ameliora Wealth Management Ltd. acquired a new stake in RH during the 3rd quarter valued at $110,000. Finally, CWM LLC grew its holdings in RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity at RH

In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other RH news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $680,600.00. Following the sale, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 in the last ninety days. 28.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RH. Robert W. Baird raised their price target on shares of RH from $275.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, September 13th. TD Cowen raised their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley raised their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Citigroup raised their price objective on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Barclays decreased their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $331.77.

RH Stock Performance

RH stock opened at $325.43 on Thursday. The firm’s 50-day moving average is $303.76 and its 200-day moving average is $275.04. RH has a 1 year low of $207.26 and a 1 year high of $367.00. The company has a market cap of $6.00 billion, a P/E ratio of 191.43, a PEG ratio of 2.02 and a beta of 2.43.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $3.93 EPS. As a group, sell-side analysts predict that RH will post 5.61 earnings per share for the current year.

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.