First Eagle Investment Management LLC Has $1.26 Million Stock Holdings in RH (NYSE:RH)

First Eagle Investment Management LLC decreased its holdings in RH (NYSE:RH) by 61.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,149 shares of the company’s stock after selling 8,283 shares during the period. First Eagle Investment Management LLC’s holdings in RH were worth $1,259,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in shares of RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after purchasing an additional 62,198 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of RH by 24.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after purchasing an additional 44,278 shares in the last quarter. Norges Bank acquired a new stake in shares of RH during the 4th quarter worth about $38,736,000. Finally, Victory Capital Management Inc. increased its position in shares of RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Down 1.3 %

Shares of NYSE RH opened at $344.28 on Friday. The firm has a market capitalization of $6.35 billion, a PE ratio of 95.37, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. RH has a 1 year low of $207.26 and a 1 year high of $354.86. The firm’s 50-day moving average is $272.03 and its 200-day moving average is $268.65.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter last year, the firm earned $3.93 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that RH will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RH has been the subject of a number of recent analyst reports. Barclays dropped their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Loop Capital increased their price objective on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Stifel Nicolaus increased their price objective on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. The Goldman Sachs Group decreased their price objective on shares of RH from $264.00 to $226.00 and set a “sell” rating on the stock in a report on Monday, June 17th. Finally, Bank of America increased their price objective on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $322.54.

Insider Buying and Selling

In related news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on 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 transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on 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 transaction, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman bought 34,200 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,339,263 shares in the company, valued at approximately $717,941,545. The disclosure for this purchase can be found here. 28.10% of the stock is owned by insiders.

RH Company 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.