Cerity Partners LLC Buys 182 Shares of RH (NYSE:RH)

Cerity Partners LLC increased its stake in RH (NYSE:RH) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,083 shares of the company’s stock after acquiring an additional 182 shares during the period. Cerity Partners LLC’s holdings in RH were worth $316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after acquiring an additional 77 shares during the last quarter. Core Wealth Advisors Inc. bought a new stake in shares of RH in the 3rd quarter valued at about $51,000. Solstein Capital LLC bought a new stake in shares of RH in the 3rd quarter valued at about $53,000. C M Bidwell & Associates Ltd. bought a new stake in shares of RH in the 3rd quarter valued at about $96,000. Finally, CI Investments Inc. lifted its stake in shares of RH by 1,696.2% in the 3rd quarter. CI Investments Inc. now owns 467 shares of the company’s stock valued at $123,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RH shares. Loop Capital boosted their target price on RH from $260.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Barclays boosted their price target on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. JPMorgan Chase & Co. boosted their price target on RH from $329.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of RH in a report on Monday, April 1st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $335.00 price target (up previously from $285.00) on shares of RH in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $332.15.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 1,000 shares of the company’s 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 sale, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related 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 value of $616,440.00. Following the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were 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 in the company, valued at $3,465,279.09. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by company insiders.

RH Stock Up 2.3 %

RH stock opened at $248.91 on Friday. The company has a market capitalization of $4.56 billion, a P/E ratio of 44.69, a PEG ratio of 2.68 and a beta of 2.46. The stock’s 50 day moving average is $275.85 and its 200 day moving average is $267.13. RH has a twelve month low of $207.26 and a twelve month high of $406.38.

RH (NYSE:RH) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.99). The company had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. RH had a negative return on equity of 777.61% and a net margin of 4.21%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.88 EPS. As a group, equities analysts expect 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.