Landscape Capital Management L.L.C. Purchases New Stake in RH (NYSE:RH)

Landscape Capital Management L.L.C. purchased a new stake in RH (NYSE:RH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 600 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in RH. Texas Permanent School Fund Corp increased its stake in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after purchasing an additional 3,387 shares during the last quarter. First Hawaiian Bank increased its stake in RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after purchasing an additional 3,073 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in RH during the third quarter valued at $3,251,000. Tidal Investments LLC increased its stake in RH by 1,304.4% during the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock valued at $4,955,000 after purchasing an additional 13,214 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in RH by 68.7% during the first quarter. Lazard Asset Management LLC now owns 13,660 shares of the company’s stock valued at $4,757,000 after purchasing an additional 5,565 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the company’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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by insiders.

RH Stock Up 5.6 %

Shares of RH opened at $388.70 on Tuesday. The firm has a 50-day moving average price of $333.80 and a 200 day moving average price of $286.73. The firm has a market capitalization of $7.17 billion, a PE ratio of 228.65, a P/E/G ratio of 2.08 and a beta of 2.43. RH has a 52-week low of $212.43 and a 52-week high of $398.22.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.93 EPS. On average, equities analysts expect that RH will post 5.66 EPS for the current year.

Analysts Set New Price Targets

RH has been the subject of several recent research reports. Bank of America boosted their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus upped their price target on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Telsey Advisory Group restated a “market perform” rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. Finally, Loop Capital upped their price target on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $326.14.

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.