Victory Capital Management Inc. Raises Holdings in RH (NYSE:RH)

Victory Capital Management Inc. increased its stake in shares of RH (NYSE:RH) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,684 shares of the company’s stock after acquiring an additional 445 shares during the quarter. Victory Capital Management Inc. owned approximately 0.27% of RH worth $19,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake 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 acquiring an additional 70 shares during the period. UMB Bank n.a. lifted its stake in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC boosted its position in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of RH in the 4th quarter worth about $68,000. Finally, Spire Wealth Management purchased a new stake in RH in the fourth quarter worth about $80,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RH

In related news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Guggenheim lifted their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and increased their price target for the company from $261.00 to $374.00 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Down 1.2 %

NYSE:RH opened at $230.68 on Wednesday. The business’s 50-day simple moving average is $381.86 and its two-hundred day simple moving average is $354.06. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The stock has a market cap of $4.29 billion, a PE ratio of 66.29, a P/E/G ratio of 2.65 and a beta of 2.50.

RH (NYSE:RH) last issued 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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the business posted ($0.42) EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current fiscal 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.