Counterpoint Mutual Funds LLC Acquires Shares of 736 RH (NYSE:RH)

Counterpoint Mutual Funds LLC acquired a new stake in RH (NYSE:RH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 736 shares of the company’s stock, valued at approximately $290,000.

A number of other large investors also recently modified their holdings of RH. GSA Capital Partners LLP purchased a new stake in shares of RH in the 3rd quarter valued at approximately $311,000. KBC Group NV increased its position in shares of RH by 25.8% in the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after purchasing an additional 93 shares during the last quarter. Quest Partners LLC increased its position in shares of RH by 57.5% in the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after purchasing an additional 328 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of RH in the 3rd quarter valued at approximately $201,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RH

In other news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday. Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Loop Capital increased their target price on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of RH in a research report on Tuesday, February 18th. Finally, Robert W. Baird increased their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, RH has a consensus rating of “Moderate Buy” and a consensus price target of $423.27.

RH Stock Performance

RH stock opened at $221.30 on Wednesday. RH has a one year low of $212.04 and a one year high of $457.26. The stock has a market capitalization of $4.12 billion, a PE ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The company has a fifty day moving average of $364.18 and a 200-day moving average of $352.64.

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.