RH (NYSE:RH) Shares Sold by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC cut its stake in RH (NYSE:RH) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 31,288 shares of the company’s stock after selling 1,132 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in RH were worth $12,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RH. Alliancebernstein L.P. lifted its holdings in shares of RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank purchased a new position in shares of RH during the fourth quarter worth $54,314,000. Raymond James Financial Inc. acquired a new position in RH during the fourth quarter valued at $52,190,000. American Century Companies Inc. lifted its position in RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after purchasing an additional 101,160 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in RH in the fourth quarter valued at $35,175,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RH shares. The Goldman Sachs Group set a $276.00 price objective on RH in a report on Thursday, April 3rd. Bank of America downgraded RH from a “buy” rating to an “underperform” rating and decreased their price target for the company from $410.00 to $130.00 in a report on Thursday, April 3rd. Robert W. Baird dropped their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Guggenheim decreased their target price on shares of RH from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Loop Capital lowered their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $278.44.

RH Price Performance

Shares of RH stock opened at $160.42 on Friday. The stock’s 50 day simple moving average is $257.52 and its 200-day simple moving average is $334.90. The stock has a market cap of $3.00 billion, a P/E ratio of 46.10, a P/E/G ratio of 2.65 and a beta of 2.44. RH has a 1-year low of $123.03 and a 1-year high of $457.26.

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

Insider Buying and Selling

In other RH news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 28.10% of the stock is owned by company insiders.

RH 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.