Portolan Capital Management LLC Invests $5.18 Million in RH (NYSE:RH)

Portolan Capital Management LLC purchased a new stake in RH (NYSE:RH) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 15,480 shares of the company’s stock, valued at approximately $5,177,000. Portolan Capital Management LLC owned approximately 0.08% of RH at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in RH in the 2nd quarter valued at $62,000. Centaurus Financial Inc. purchased a new stake in shares of RH in the third quarter valued at about $100,000. Ameliora Wealth Management Ltd. acquired a new stake in RH during the third quarter worth about $110,000. Finally, KBC Group NV raised its stake in RH by 25.8% during the third quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after purchasing an additional 93 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Performance

RH stock opened at $379.08 on Wednesday. The company’s 50 day moving average price is $338.87 and its 200 day moving average price is $290.72. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 222.99, a PEG ratio of 2.14 and a beta of 2.44. RH has a fifty-two week low of $212.43 and a fifty-two week high of $398.22.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.93 EPS. Equities analysts forecast that RH will post 5.66 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock valued at $2,871,935 in the last ninety days. Insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $310.00 to $430.00 in a report on Monday, October 21st. Wells Fargo & Company upped their price target on RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley increased their target price on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Telsey Advisory Group restated a “market perform” rating and issued a $290.00 price objective on shares of RH in a report on Tuesday, September 10th. Finally, 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 report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $326.14.

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.