Blair William & Co. IL Increases Holdings in RH (NYSE:RH)

Blair William & Co. IL raised its holdings in shares of RH (NYSE:RH) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,014 shares of the company’s stock after purchasing an additional 825 shares during the period. Blair William & Co. IL’s holdings in RH were worth $6,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Versant Capital Management Inc raised its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. increased its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC raised its holdings in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of RH during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RH shares. Wedbush decreased their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $435.00 to $530.00 in a research note on Monday, January 13th. UBS Group dropped their price target on RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, Robert W. Baird upped their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $403.25.

RH Stock Down 2.9 %

Shares of RH opened at $236.26 on Monday. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The company has a market capitalization of $4.40 billion, a P/E ratio of 67.89, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The firm has a 50 day moving average of $335.63 and a 200 day moving average of $352.36.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. Insiders own 28.10% of the company’s stock.

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.