First Eagle Investment Management LLC Reduces Stake in RH (NYSE:RH)

First Eagle Investment Management LLC cut its holdings in shares of RH (NYSE:RH) by 95.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179 shares of the company’s stock after selling 4,070 shares during the period. First Eagle Investment Management LLC’s holdings in RH were worth $70,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in RH by 16.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,138 shares of the company’s stock worth $380,000 after purchasing an additional 160 shares in the last quarter. GSA Capital Partners LLP bought a new position in RH in the third quarter worth about $311,000. KBC Group NV lifted its holdings in RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after buying an additional 93 shares during the period. Quest Partners LLC boosted its position in RH by 57.5% during the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after acquiring an additional 328 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of RH during the 3rd quarter worth approximately $201,000. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and lifted their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $431.60.

RH Price Performance

RH stock opened at $225.04 on Monday. RH has a one year low of $212.04 and a one year high of $457.26. The business’s fifty day moving average is $371.63 and its 200 day moving average is $353.08. The stock has a market capitalization of $4.19 billion, a PE ratio of 64.67, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

RH (NYSE:RH) last announced its quarterly earnings results 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). The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.42) EPS. As a group, sell-side analysts expect that RH will post 4.39 EPS for the current fiscal year.

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.