First Eagle Investment Management LLC Grows Stock Holdings in RH (NYSE:RH)

First Eagle Investment Management LLC increased its stake in RH (NYSE:RH) by 247.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,732 shares of the company’s stock after buying an additional 9,780 shares during the period. First Eagle Investment Management LLC owned 0.07% of RH worth $4,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its position in RH by 3.1% in the 3rd quarter. Raymond James & Associates now owns 9,095 shares of the company’s stock worth $2,404,000 after purchasing an additional 274 shares during the period. Teacher Retirement System of Texas grew its holdings in RH by 24.4% during the third quarter. Teacher Retirement System of Texas now owns 1,452 shares of the company’s stock valued at $384,000 after purchasing an additional 285 shares during the period. Duality Advisers LP bought a new stake in RH during the third quarter valued at about $1,380,000. D.B. Root & Company LLC increased its position in RH by 14.1% in the third quarter. D.B. Root & Company LLC now owns 7,961 shares of the company’s stock worth $2,105,000 after buying an additional 985 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in RH in the 3rd quarter worth approximately $407,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RH shares. The Goldman Sachs Group raised their price target on RH from $201.00 to $264.00 and gave the company a “sell” rating in a report on Monday, April 1st. Barclays increased their price target on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Robert W. Baird lifted their price objective on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their target price on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Loop Capital boosted their target price on RH from $260.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $332.15.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,000 shares of company stock valued at $28,897,430. 23.90% of the stock is currently owned by corporate insiders.

RH Stock Down 2.9 %

Shares of RH stock opened at $278.29 on Friday. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The company’s 50 day moving average is $278.92 and its 200 day moving average is $271.39. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 49.96, a PEG ratio of 3.19 and a beta of 2.54.

RH (NYSE:RH) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm earned $2.88 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts anticipate that RH will post 8.99 EPS for the current fiscal year.

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.