Versant Capital Management Inc Grows Stake in RH (NYSE:RH)

Versant Capital Management Inc boosted its holdings in shares of RH (NYSE:RH) by 7,000.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71 shares of the company’s stock after buying an additional 70 shares during the period. Versant Capital Management Inc’s holdings in RH were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Anomaly Capital Management LP raised its position in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after buying an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP raised its position in RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in RH by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after purchasing an additional 18,563 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Performance

RH opened at $403.44 on Wednesday. The stock has a market capitalization of $7.51 billion, a PE ratio of 115.93, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. The stock’s 50 day moving average price is $370.35 and its 200-day moving average price is $314.41. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 32.76%. The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the previous year, the firm posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts forecast that RH will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock valued at $5,286,265 over the last three months. Corporate insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Bank of America lifted their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Loop Capital boosted their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company raised their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, RH has a consensus rating of “Hold” and an average target price of $402.40.

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.