International Assets Investment Management LLC Boosts Stake in RH (NYSE:RH)

International Assets Investment Management LLC raised its position in shares of RH (NYSE:RH) by 21,939.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,072 shares of the company’s stock after buying an additional 17,990 shares during the quarter. International Assets Investment Management LLC’s holdings in RH were worth $5,268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RH. Raymond James & Associates grew its position in RH by 81.7% during the first quarter. Raymond James & Associates now owns 11,395 shares of the company’s stock valued at $3,716,000 after acquiring an additional 5,124 shares during the period. US Bancorp DE grew its position in RH by 13.2% during the first quarter. US Bancorp DE now owns 650 shares of the company’s stock valued at $213,000 after acquiring an additional 76 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in RH by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock valued at $851,000 after acquiring an additional 56 shares during the period. D.A. Davidson & CO. purchased a new stake in RH during the first quarter valued at about $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of RH by 10.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock worth $2,078,000 after purchasing an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the transaction, the director now directly owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The disclosure for this sale can be found here. Corporate insiders own 23.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research note on Monday, April 1st. Oppenheimer reiterated a “market perform” rating on shares of RH in a research note on Monday, April 1st. JPMorgan Chase & Co. boosted their price target on RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Robert W. Baird boosted their price target on RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, Barclays boosted their price target on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $332.15.

RH Stock Down 1.5 %

Shares of NYSE RH opened at $251.41 on Tuesday. The stock has a market capitalization of $4.61 billion, a P/E ratio of 45.14, a PEG ratio of 2.81 and a beta of 2.46. The stock’s 50 day moving average price is $279.39 and its two-hundred day moving average price is $267.69. RH has a 52-week low of $207.26 and a 52-week high of $406.38.

RH (NYSE:RH) last posted its earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The company had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.88 earnings per share. On average, analysts anticipate that RH will post 9.08 EPS for the current year.

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.