RH (NYSE:RH) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of RH (NYSE:RH) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,705 shares of the company’s stock after selling 277 shares during the period. Wells Fargo & Company MN owned about 0.10% of RH worth $7,362,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after buying an additional 346,050 shares during the last quarter. Norges Bank acquired a new position in RH in the fourth quarter valued at approximately $54,314,000. Raymond James Financial Inc. bought a new position in shares of RH during the fourth quarter valued at approximately $52,190,000. American Century Companies Inc. raised its position in shares of RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after purchasing an additional 101,160 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in RH during the 4th quarter worth $35,175,000. 90.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 28.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

RH has been the subject of several analyst reports. Telsey Advisory Group reduced their price target on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 3rd. Barclays cut their price target on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Citigroup reissued a “neutral” rating and issued a $200.00 price objective (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Loop Capital cut their target price on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $278.44.

RH Price Performance

Shares of RH stock opened at $160.42 on Friday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The company has a market capitalization of $3.00 billion, a P/E ratio of 46.10, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The business has a 50-day moving average of $253.03 and a two-hundred day moving average of $333.70.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). The company had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, equities analysts anticipate that RH will post 4.39 EPS 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.