Amalgamated Bank Increases Stock Position in RH (NYSE:RH)

Amalgamated Bank grew its position in RH (NYSE:RH) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 11,459 shares of the company’s stock after acquiring an additional 95 shares during the quarter. Amalgamated Bank’s holdings in RH were worth $3,340,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RH. Global Retirement Partners LLC increased 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 purchasing an additional 77 shares in the last quarter. Core Wealth Advisors Inc. acquired a new stake in RH in the third quarter valued at approximately $51,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of RH in the third quarter valued at approximately $96,000. CI Investments Inc. raised its stake in shares of RH by 1,696.2% during the 3rd quarter. CI Investments Inc. now owns 467 shares of the company’s stock worth $123,000 after buying an additional 441 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. lifted its position in shares of RH by 70.2% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 485 shares of the company’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analysts Set New Price Targets

RH has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. Wedbush raised their price target on shares of RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $335.00 price objective (up from $285.00) on shares of RH in a research note on Tuesday, March 26th. Oppenheimer restated a “market perform” rating on shares of RH in a research report on Monday, April 1st. Finally, Loop Capital boosted their price target on RH from $260.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, RH currently has a consensus rating of “Hold” and an average price target of $332.15.

Insider Activity

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,004,086.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction 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 available through this link. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders have sold a total of 103,000 shares of company stock valued at $28,897,430 in the last quarter. Insiders own 23.90% of the company’s stock.

RH Trading Up 5.5 %

Shares of RH opened at $294.19 on Friday. The firm has a 50-day moving average price of $277.00 and a 200 day moving average price of $268.73. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The firm has a market capitalization of $5.39 billion, a P/E ratio of 52.82, a P/E/G ratio of 3.03 and a beta of 2.54.

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 firm had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $2.88 EPS. Equities research analysts predict that RH will post 9.08 earnings per share for the current fiscal year.

RH 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.