Diversified Trust Co Invests $793,000 in RH (NYSE:RH)

Diversified Trust Co bought a new position in shares of RH (NYSE:RH) in the second quarter, Holdings Channel.com reports. The institutional investor bought 3,244 shares of the company’s stock, valued at approximately $793,000.

A number of other large investors have also recently bought and sold shares of RH. International Assets Investment Management LLC boosted its position in RH by 21,939.0% in the 4th quarter. International Assets Investment Management LLC now owns 18,072 shares of the company’s stock worth $5,268,000 after purchasing an additional 17,990 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of RH by 20.2% in the 4th quarter. Cerity Partners LLC now owns 1,083 shares of the company’s stock valued at $316,000 after purchasing an additional 182 shares during the period. Louisiana State Employees Retirement System purchased a new stake in RH during the fourth quarter worth $1,253,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in RH by 208.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,568 shares of the company’s stock worth $2,789,000 after buying an additional 6,470 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in RH during the fourth quarter valued at $335,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Trading Down 0.3 %

NYSE:RH traded down $0.85 during trading hours on Wednesday, hitting $259.37. The company had a trading volume of 46,458 shares, compared to its average volume of 713,834. RH has a 1 year low of $207.26 and a 1 year high of $388.48. The company has a 50-day moving average of $255.46 and a 200 day moving average of $266.28. The company has a market cap of $4.78 billion, a P/E ratio of 72.08, a P/E/G ratio of 0.99 and a beta of 2.42.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). The firm had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. RH had a negative return on equity of 29.15% and a net margin of 2.72%. RH’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. On average, analysts forecast that RH will post 7.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of RH to a “sell” rating in a research note on Friday, June 21st. Loop Capital cut their price target on shares of RH from $350.00 to $230.00 and set a “hold” rating for the company in a report on Monday, June 17th. Stifel Nicolaus assumed coverage on shares of RH in a research report on Tuesday, July 9th. They issued a “buy” rating and a $315.00 target price on the stock. Telsey Advisory Group reduced their price target on shares of RH from $320.00 to $290.00 and set a “market perform” rating for the company in a research report on Friday, June 14th. Finally, Robert W. Baird lowered their price objective on RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, RH currently has an average rating of “Hold” and an average target price of $310.79.

Insider Activity at RH

In other RH news, CEO Gary G. Friedman acquired 34,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, with a total value of $7,353,000.00. Following the transaction, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The transaction was disclosed in a filing with the SEC, which is available at this link. 28.10% of the stock is currently owned by insiders.

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.