Artemis Investment Management LLP Takes $4.64 Million Position in RH (NYSE:RH)

Artemis Investment Management LLP bought a new stake in RH (NYSE:RH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,316 shares of the company’s stock, valued at approximately $4,637,000. Artemis Investment Management LLP owned approximately 0.07% of RH at the end of the most recent quarter.

Several other large investors have also modified their holdings of RH. Tradition Wealth Management LLC increased its holdings in shares of RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock valued at $102,000 after purchasing an additional 45 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of RH by 4.1% in the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company’s stock valued at $496,000 after purchasing an additional 67 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of RH by 1.0% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,706 shares of the company’s stock valued at $2,246,000 after purchasing an additional 78 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of RH in the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of RH from $329.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Barclays raised their price target on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Wells Fargo & Company decreased their price target on shares of RH from $360.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Bank of America decreased their target price on shares of RH from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Finally, BNP Paribas raised shares of RH to a “hold” rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat, RH presently has a consensus rating of “Hold” and an average target price of $310.46.

RH Stock Up 2.1 %

Shares of RH traded up $5.14 during mid-day trading on Friday, reaching $244.44. 1,167,149 shares of the stock traded hands, compared to its average volume of 738,105. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 66.30, a P/E/G ratio of 0.80 and a beta of 2.51. The stock has a fifty day simple moving average of $259.20 and a 200 day simple moving average of $271.07. RH has a 12-month low of $207.26 and a 12-month high of $406.38.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The firm had revenue of $726.96 million for the quarter, compared to analysts’ expectations of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 EPS. On average, equities research analysts expect that RH will post 8.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other RH news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,000 shares of company stock worth $28,897,430. Insiders own 28.10% of the company’s stock.

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.