RH (NYSE:RH) Stake Lifted by Insight Advisors LLC PA

Insight Advisors LLC PA increased its stake in shares of RH (NYSE:RH) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,449 shares of the company’s stock after buying an additional 33 shares during the quarter. Insight Advisors LLC PA’s holdings in RH were worth $571,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the period. Versant Capital Management Inc boosted its position in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares during the period. GAMMA Investing LLC boosted its position in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. boosted its position in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Finally, Spire Wealth Management acquired a new position in RH during the 4th quarter worth $80,000. 90.17% of the stock is currently owned by institutional investors.

Insider Activity at RH

In other RH news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock worth $29,129,879 in the last 90 days. 28.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

RH has been the subject of a number of analyst reports. Guggenheim upped their price objective on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and upped their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $431.60.

RH Stock Performance

Shares of NYSE RH opened at $414.78 on Thursday. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 119.19, a P/E/G ratio of 9.60 and a beta of 2.42. The business’s 50-day simple moving average is $407.56 and its 200-day simple moving average is $340.09. RH has a 52 week low of $212.43 and a 52 week high of $457.26.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the previous year, the company earned ($0.42) EPS. RH’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that RH will post 4.37 earnings per share 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.