Ieq Capital LLC Decreases Stock Holdings in RH (NYSE:RH)

Ieq Capital LLC trimmed its position in RH (NYSE:RH) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,749 shares of the company’s stock after selling 457 shares during the quarter. Ieq Capital LLC’s holdings in RH were worth $3,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Two Sigma Advisers LP increased its position in RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after purchasing an additional 93,500 shares during the period. Artemis Investment Management LLP purchased a new position in RH during the 4th quarter valued at $31,384,000. New York State Common Retirement Fund increased its position in RH by 19.8% during the 3rd quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock valued at $15,812,000 after purchasing an additional 7,800 shares during the period. Finally, WCM Investment Management LLC purchased a new position in RH during the 4th quarter valued at $18,006,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Price Performance

Shares of RH stock opened at $340.06 on Friday. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 97.72, a PEG ratio of 2.65 and a beta of 2.42. The firm’s 50-day moving average is $406.73 and its 200 day moving average is $349.60. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.42) EPS. On average, equities analysts expect that RH will post 4.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Robert W. Baird boosted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Loop Capital boosted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insider Buying and Selling

In other RH news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock worth $29,129,879 in the last quarter. Corporate insiders own 28.10% of the company’s stock.

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.