RH (NYSE:RH) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its holdings in RH (NYSE:RH) by 30.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,183 shares of the company’s stock after selling 12,817 shares during the period. AGF Management Ltd. owned 0.16% of RH worth $11,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the period. UMB Bank n.a. raised its holdings in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of RH in the 4th quarter valued at $68,000. Finally, Spire Wealth Management purchased a new position in RH in the 4th quarter valued at $80,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on RH. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Robert W. Baird lifted their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, RH currently has an average rating of “Moderate Buy” and an average price target of $431.60.

Insiders Place Their Bets

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

RH Stock Down 1.2 %

Shares of RH stock opened at $230.68 on Wednesday. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The stock has a market capitalization of $4.29 billion, a P/E ratio of 66.29, a PEG ratio of 2.65 and a beta of 2.50. The stock has a 50 day moving average price of $381.86 and a two-hundred day moving average price of $354.06.

RH (NYSE:RH) last posted its quarterly earnings data 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). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) earnings per share. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current year.

About RH

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.