FORA Capital LLC Makes New Investment in RH $RH

FORA Capital LLC acquired a new stake in RH (NYSE:RH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,589 shares of the company’s stock, valued at approximately $2,568,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of RH by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after acquiring an additional 7,952 shares during the period. Senvest Management LLC grew its position in RH by 54.6% during the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock worth $138,713,000 after purchasing an additional 259,200 shares during the last quarter. Durable Capital Partners LP increased its stake in RH by 125.1% in the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the period. Atreides Management LP raised its holdings in shares of RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after buying an additional 193,404 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of RH by 0.7% during the second quarter. Geode Capital Management LLC now owns 265,762 shares of the company’s stock worth $50,240,000 after buying an additional 1,829 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RH has been the topic of several recent research reports. TD Cowen dropped their price target on RH from $265.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday. Zacks Research raised RH from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. UBS Group reaffirmed a “neutral” rating on shares of RH in a report on Friday. Barclays dropped their price objective on shares of RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Finally, Wells Fargo & Company raised their target price on shares of RH from $275.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, RH has an average rating of “Hold” and an average price target of $238.81.

RH Stock Performance

NYSE:RH opened at $161.94 on Friday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock has a fifty day moving average price of $167.44 and a two-hundred day moving average price of $194.04. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.77 and a beta of 2.09.

RH (NYSE:RH) last issued its earnings results on Thursday, December 11th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.42). The company had revenue of $883.81 million for the quarter, compared to analysts’ expectations of $883.65 million. RH had a negative return on equity of 120.00% and a net margin of 3.22%.RH’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.48 earnings per share. On average, analysts predict that RH will post 4.39 EPS for the current year.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $236.13, for a total value of $472,260.00. Following the completion of the transaction, the director directly owned 24,616 shares of the company’s stock, valued at approximately $5,812,576.08. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 27.00% 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.