Vestmark Advisory Solutions Inc. Makes New $258,000 Investment in RH (NYSE:RH)

Vestmark Advisory Solutions Inc. acquired a new position in shares of RH (NYSE:RH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 655 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in RH during the third quarter worth $4,268,000. Lisanti Capital Growth LLC bought a new stake in shares of RH in the 3rd quarter worth $3,251,000. Invst LLC bought a new stake in shares of RH in the 3rd quarter worth $752,000. Cerity Partners LLC grew its stake in shares of RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after acquiring an additional 1,506 shares in the last quarter. Finally, L.M. Kohn & Company bought a new stake in shares of RH in the 4th quarter worth $289,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

RH has been the subject of several recent analyst reports. BNP Paribas reiterated an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Stifel Nicolaus increased their price target 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 price target 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. Wells Fargo & Company increased their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Robert W. Baird increased their price target 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 research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $431.60.

RH Trading Down 6.5 %

Shares of RH stock opened at $262.70 on Monday. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 75.49, a PEG ratio of 2.65 and a beta of 2.50. The company’s 50-day moving average price is $388.33 and its 200-day moving average price is $354.64.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the previous year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 4.39 earnings per share for the current year.

Insider Transactions at RH

In related news, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by corporate insiders.

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.