Xponance Inc. Raises Stake in RH (NYSE:RH)

Xponance Inc. increased its position in RH (NYSE:RH) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,987 shares of the company’s stock after buying an additional 95 shares during the period. Xponance Inc.’s holdings in RH were worth $782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RH. Virtu Financial LLC acquired a new position in RH in the 3rd quarter valued at $4,268,000. Invst LLC acquired a new position in RH in the third quarter valued at $752,000. Cerity Partners LLC lifted its position in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the period. Victory Capital Management Inc. boosted its stake in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after buying an additional 445 shares during the last quarter. Finally, L.M. Kohn & Company purchased a new stake in RH in the 4th quarter valued at about $289,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity at RH

In other news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith Belling sold 500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,380 shares of company stock valued at $28,922,379. Insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RH. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. UBS Group reduced their target price on RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Citigroup dropped their price target on RH from $556.00 to $437.00 and set a “buy” rating for the company in a research note on Monday. 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 company. According to data from MarketBeat, RH currently has an average rating of “Moderate Buy” and an average price target of $412.56.

RH Price Performance

RH stock opened at $258.52 on Tuesday. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The firm’s fifty day moving average price is $350.53 and its 200 day moving average price is $352.39.

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.