Belpointe Asset Management LLC Invests $121,000 in RH (NYSE:RH)

Belpointe Asset Management LLC acquired a new position in RH (NYSE:RH – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 452 shares of the company’s stock, valued at approximately $121,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RH. Raymond James & Associates increased its stake in RH by 81.7% in the 1st quarter. Raymond James & Associates now owns 11,395 shares of the company’s stock worth $3,716,000 after buying an additional 5,124 shares in the last quarter. US Bancorp DE increased its stake in RH by 13.2% in the 1st quarter. US Bancorp DE now owns 650 shares of the company’s stock worth $213,000 after buying an additional 76 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in RH by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock worth $851,000 after buying an additional 56 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in RH in the 1st quarter worth $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in RH by 10.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock worth $2,078,000 after buying an additional 622 shares in the last quarter. 84.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RH has been the subject of a number of analyst reports. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a research note on Wednesday. Loop Capital dropped their price objective on shares of RH from $370.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, March 30th. Jefferies Financial Group dropped their price objective on shares of RH from $298.00 to $227.00 in a report on Thursday, March 30th. Citigroup dropped their price objective on shares of RH from $380.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, March 30th. Finally, Bank of America dropped their price objective on shares of RH from $338.00 to $315.00 in a report on Sunday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $281.50.

Insiders Place Their Bets

In other RH news, Director Hilary K. Krane sold 137 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $306.54, for a total value of $41,995.98. Following the completion of the sale, the director now owns 6,115 shares of the company’s stock, valued at $1,874,492.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 21.90% of the stock is owned by insiders.

RH Stock Up 2.7 %

Shares of NYSE RH opened at $265.62 on Friday. The company has a debt-to-equity ratio of 3.97, a current ratio of 2.84 and a quick ratio of 1.93. The company has a market cap of $5.86 billion, a P/E ratio of 10.41, a PEG ratio of 2.29 and a beta of 2.08. RH has a 1 year low of $207.37 and a 1 year high of $351.53. The firm has a 50-day simple moving average of $248.58 and a two-hundred day simple moving average of $273.38.

RH (NYSE:RH – Get Rating) last announced its quarterly earnings data on Wednesday, March 29th. The company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by ($0.47). The firm had revenue of $772.50 million during the quarter, compared to the consensus estimate of $777.30 million. RH had a return on equity of 55.97% and a net margin of 14.72%. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.66 EPS. Research analysts anticipate that RH will post 11.35 earnings per share for the current year.

About RH

(Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.