Victory Capital Management Inc. Acquires 42,509 Shares of RH (NYSE:RH)

Victory Capital Management Inc. grew its holdings in shares of RH (NYSE:RH) by 56.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,523 shares of the company’s stock after buying an additional 42,509 shares during the period. Victory Capital Management Inc. owned approximately 0.64% of RH worth $34,256,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of RH. FMR LLC boosted its holdings in shares of RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after buying an additional 221,858 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of RH in the 3rd quarter worth $31,828,000. Canada Pension Plan Investment Board bought a new position in shares of RH in the 3rd quarter worth $24,295,000. Long Walk Management LP bought a new position in shares of RH in the 4th quarter worth $23,318,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of RH in the 3rd quarter worth $12,392,000. 90.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the transaction, the director now owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by insiders.

RH Price Performance

Shares of RH stock opened at $280.78 on Tuesday. RH has a 1 year low of $207.26 and a 1 year high of $406.38. The firm has a market cap of $5.14 billion, a PE ratio of 50.41, a P/E/G ratio of 3.03 and a beta of 2.54. The stock has a fifty day moving average price of $276.05 and a 200-day moving average price of $267.83.

RH (NYSE:RH) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The firm had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. During the same period last year, the business posted $2.88 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that RH will post 9.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RH shares. The Goldman Sachs Group increased their target price on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. JPMorgan Chase & Co. increased their target price on RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Robert W. Baird increased their price target on RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Loop Capital increased their price target on RH from $260.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 1st. Finally, Oppenheimer reissued a “market perform” rating on shares of RH in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $332.15.

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.