KBC Group NV Purchases 215 Shares of RH (NYSE:RH)

KBC Group NV grew its holdings in RH (NYSE:RH) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 669 shares of the company’s stock after acquiring an additional 215 shares during the quarter. KBC Group NV’s holdings in RH were worth $263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. lifted its stake in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 in the last quarter. Blue Trust Inc. boosted its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of RH in the 3rd quarter worth $100,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RH

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on 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 approximately $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock valued at $29,129,879 over the last 90 days. 28.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RH shares. Robert W. Baird raised their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Guggenheim boosted their price objective on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Performance

RH stock opened at $395.64 on Tuesday. The stock has a 50-day simple moving average of $407.01 and a 200-day simple moving average of $338.29. The firm has a market cap of $7.36 billion, a P/E ratio of 113.69, a price-to-earnings-growth ratio of 9.60 and a beta of 2.43. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period in the previous year, the business posted ($0.42) EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that RH will post 4.37 EPS for the current year.

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.