Zurcher Kantonalbank Zurich Cantonalbank Purchases 6,470 Shares of RH (NYSE:RH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in RH (NYSE:RH) by 208.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,568 shares of the company’s stock after buying an additional 6,470 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of RH worth $2,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RH. FMR LLC raised its holdings in shares of RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after purchasing an additional 221,858 shares during the last quarter. Atreides Management LP raised its holdings in shares of RH by 0.3% during the third quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock valued at $280,188,000 after purchasing an additional 3,375 shares during the last quarter. Senvest Management LLC raised its holdings in shares of RH by 19.2% during the third quarter. Senvest Management LLC now owns 237,062 shares of the company’s stock valued at $62,670,000 after purchasing an additional 38,249 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of RH during the third quarter valued at approximately $31,828,000. Finally, Xcel Wealth Management LLC raised its holdings in shares of RH by 6.9% during the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock valued at $27,799,000 after purchasing an additional 6,165 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The shares were 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 owns 12,991 shares in the company, valued at $4,004,086.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. 23.90% of the stock is owned by company insiders.

RH Price Performance

Shares of NYSE RH opened at $244.96 on Tuesday. The firm has a fifty day moving average price of $277.61 and a 200-day moving average price of $267.11. The stock has a market cap of $4.49 billion, a PE ratio of 43.98, a price-to-earnings-growth ratio of 2.65 and a beta of 2.46. RH has a 1 year low of $207.26 and a 1 year high of $406.38.

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

Analysts Set New Price Targets

RH has been the subject of a number of research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $335.00 target price (up from $285.00) on shares of RH in a report on Tuesday, March 26th. Wells Fargo & Company upped their target price on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group upped their target price on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a report on Monday, April 1st. Loop Capital upped their target price on shares of RH from $260.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 1st. Finally, Robert W. Baird upped their target price on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $332.15.

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.