Investment House LLC Boosts Position in RH (NYSE:RH)

Investment House LLC increased its holdings in shares of RH (NYSE:RH) by 70.0% in the fourth quarter, Holdings Channel reports. The firm owned 32,220 shares of the company’s stock after buying an additional 13,267 shares during the period. Investment House LLC’s holdings in RH were worth $9,391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RH. Global Retirement Partners LLC grew its position in RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after acquiring an additional 77 shares in the last quarter. Core Wealth Advisors Inc. purchased a new position in shares of RH in the 3rd quarter valued at about $51,000. Solstein Capital LLC purchased a new position in shares of RH in the 3rd quarter valued at about $53,000. C M Bidwell & Associates Ltd. purchased a new position in shares of RH in the 3rd quarter valued at about $96,000. Finally, CI Investments Inc. boosted its stake in shares of RH by 1,696.2% in the 3rd quarter. CI Investments Inc. now owns 467 shares of the company’s stock valued at $123,000 after buying an additional 441 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RH. The Goldman Sachs Group lifted their price objective on RH from $201.00 to $264.00 and gave the company a “sell” rating in a research note on Monday, April 1st. Telsey Advisory Group restated a “market perform” rating and set a $335.00 target price (up previously from $285.00) on shares of RH in a research note on Tuesday, March 26th. Robert W. Baird boosted their price objective on RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Oppenheimer reiterated a “market perform” rating on shares of RH in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $332.15.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other RH news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is owned by insiders.

RH Price Performance

RH stock traded up $8.17 during trading hours on Monday, hitting $257.08. The stock had a trading volume of 321,535 shares, compared to its average volume of 680,927. The stock’s fifty day moving average is $275.85 and its two-hundred day moving average is $267.13. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.74 and a beta of 2.46.

RH (NYSE:RH) last posted its earnings results 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 net margin of 4.21% and a negative return on equity of 777.61%. The company had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same quarter last year, the business posted $2.88 EPS. RH’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that RH will post 9.08 EPS for the current year.

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.