UMB Bank n.a. lifted its position in shares of RH (NYSE:RH – Free Report) by 125.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70 shares of the company’s stock after purchasing an additional 39 shares during the quarter. UMB Bank n.a.’s holdings in RH were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RH. Versant Capital Management Inc raised its holdings in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. raised its position in shares of RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. Centaurus Financial Inc. bought a new position in shares of RH in the third quarter worth about $100,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of RH during the third quarter valued at approximately $110,000. 90.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Loop Capital raised their price target on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company boosted their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of “Hold” and an average target price of $421.73.
RH Trading Down 3.9 %
RH opened at $417.62 on Monday. The firm has a 50 day moving average of $398.66 and a two-hundred day moving average of $333.28. The firm has a market capitalization of $7.77 billion, a PE ratio of 120.01, a P/E/G ratio of 10.14 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $457.26.
RH (NYSE:RH – Get Free Report) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.42) earnings per share. As a group, analysts predict that RH will post 4.37 EPS for the current fiscal year.
Insider Transactions at RH
In other RH news, Director Keith Belling sold 500 shares of RH stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 over the last ninety days. Insiders own 28.10% of the company’s stock.
About RH
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.
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