Empowered Funds LLC Invests $620,000 in RH (NYSE:RH)

Empowered Funds LLC purchased a new position in shares of RH (NYSE:RH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,574 shares of the company’s stock, valued at approximately $620,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the period. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC boosted its stake in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. boosted its stake in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in RH in the 4th quarter worth about $68,000. Institutional investors own 90.17% of the company’s stock.

RH Trading Up 1.5 %

Shares of NYSE RH opened at $388.16 on Wednesday. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 111.54, a P/E/G ratio of 3.02 and a beta of 2.42. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The stock’s 50-day moving average is $409.49 and its 200 day moving average is $347.70.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 2.25% and a negative return on equity of 35.72%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.42) earnings per share. On average, analysts forecast that RH will post 4.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented 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 note on Friday, December 13th. BNP Paribas restated an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Stifel Nicolaus raised their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, Guggenheim raised their price target on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 in the last ninety days. Company insiders own 28.10% of the company’s stock.

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.