Narwhal Capital Management Decreases Holdings in RH (NYSE:RH)

Narwhal Capital Management reduced its position in RH (NYSE:RH) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,177 shares of the company’s stock after selling 374 shares during the period. Narwhal Capital Management’s holdings in RH were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of RH. Arizona State Retirement System boosted its position in RH by 2.4% in the second quarter. Arizona State Retirement System now owns 4,101 shares of the company’s stock worth $1,002,000 after purchasing an additional 95 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after buying an additional 55,999 shares during the last quarter. National Bank of Canada FI grew its position in RH by 10.5% during the second quarter. National Bank of Canada FI now owns 18,060 shares of the company’s stock valued at $4,302,000 after buying an additional 1,719 shares during the period. Hodges Capital Management Inc. increased its holdings in RH by 11.9% during the second quarter. Hodges Capital Management Inc. now owns 17,737 shares of the company’s stock valued at $4,336,000 after buying an additional 1,887 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its position in RH by 28.8% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 49,719 shares of the company’s stock worth $12,153,000 after acquiring an additional 11,103 shares during the period. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average cost of $215.00 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 28.10% of the company’s stock.

RH Stock Performance

Shares of NYSE:RH opened at $248.04 on Friday. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 68.71, a P/E/G ratio of 1.00 and a beta of 2.42. The firm has a fifty day moving average price of $261.51 and a 200 day moving average price of $266.17. RH has a fifty-two week low of $207.26 and a fifty-two week high of $372.40.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). The firm had revenue of $726.96 million for the quarter, compared to analysts’ expectations of $725.15 million. RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company’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 earned $2.21 EPS. As a group, research analysts predict that RH will post 7.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RH shares. TD Cowen cut their price objective on shares of RH from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Bank of America reduced their price target on RH from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their price objective on RH from $264.00 to $226.00 and set a “sell” rating on the stock in a research report on Monday, June 17th. StockNews.com raised shares of RH to a “sell” rating in a report on Friday, June 21st. Finally, Loop Capital lowered their price target on shares of RH from $350.00 to $230.00 and set a “hold” rating on the stock in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $307.93.

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.