Senvest Management LLC Has $77.80 Million Position in RH (NYSE:RH)

Senvest Management LLC decreased its holdings in RH (NYSE:RH) by 30.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,626 shares of the company’s stock after selling 102,000 shares during the period. RH comprises 2.7% of Senvest Management LLC’s portfolio, making the stock its 16th largest holding. Senvest Management LLC’s holdings in RH were worth $77,797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake 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 during the period. Ridgewood Investments LLC bought a new stake in shares of RH in the 2nd quarter valued at approximately $62,000. Ameliora Wealth Management Ltd. acquired a new position in RH during the third quarter worth $110,000. KBC Group NV increased its position in shares of RH by 25.8% during the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after purchasing an additional 93 shares in the last quarter. Finally, CWM LLC raised its stake in shares of RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RH. Citigroup lifted their price target on RH from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, September 13th. Bank of America increased their price target on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Wells Fargo & Company lifted their price objective on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Finally, Morgan Stanley increased their price objective on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $326.14.

RH Stock Performance

RH stock opened at $368.01 on Friday. The company has a market capitalization of $6.79 billion, a P/E ratio of 216.48, a price-to-earnings-growth ratio of 1.95 and a beta of 2.43. RH has a 52-week low of $212.43 and a 52-week high of $370.96. The business has a 50-day simple moving average of $332.62 and a two-hundred day simple moving average of $285.96.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter in the previous year, the firm earned $3.93 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that RH will post 5.66 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last 90 days. 28.10% of the stock is currently owned by company 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.