International Assets Investment Management LLC Has $5.27 Million Stake in RH (NYSE:RH)

International Assets Investment Management LLC raised its position in RH (NYSE:RH) by 21,939.0% during the fourth quarter, Holdings Channel reports. The firm owned 18,072 shares of the company’s stock after purchasing an additional 17,990 shares during the period. 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 hedge funds and other institutional investors have also recently modified their holdings of RH. Raymond James & Associates lifted its position in shares of RH by 3.1% in the 3rd quarter. Raymond James & Associates now owns 9,095 shares of the company’s stock worth $2,404,000 after purchasing an additional 274 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RH by 19.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,098 shares of the company’s stock valued at $819,000 after acquiring an additional 509 shares during the period. Carmel Capital Partners LLC lifted its position in shares of RH by 66.5% during the 3rd quarter. Carmel Capital Partners LLC now owns 3,629 shares of the company’s stock valued at $959,000 after acquiring an additional 1,449 shares during the period. Cedar Wealth Management LLC lifted its position in shares of RH by 13.6% during the 3rd quarter. Cedar Wealth Management LLC now owns 1,860 shares of the company’s stock valued at $492,000 after acquiring an additional 222 shares during the period. Finally, QCM Cayman Ltd. acquired a new position in shares of RH during the 3rd quarter valued at $324,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

RH opened at $278.72 on Wednesday. The firm has a market cap of $5.11 billion, a P/E ratio of 50.04, a PEG ratio of 3.03 and a beta of 2.54. The firm has a 50-day moving average of $276.31 and a 200 day moving average of $268.02. RH has a fifty-two week low of $207.26 and a fifty-two week 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 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%. RH’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.88 EPS. Equities research analysts predict that RH will post 9.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. The Goldman Sachs Group upped their price objective on shares of RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Wells Fargo & Company upped their price objective on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $335.00 price objective (up previously from $285.00) on shares of RH in a report on Tuesday, March 26th. Two equities research 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’s stock. Based on data from MarketBeat, RH currently has a consensus rating of “Hold” and an average target price of $332.15.

Insider Activity at RH

In related news, insider Eri Chaya sold 100,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RH news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 100,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,000 shares of company stock worth $28,897,430. 23.90% of the stock is owned by company insiders.

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.