Private Advisor Group LLC Takes $267,000 Position in RH (NYSE:RH)

Private Advisor Group LLC acquired a new position in RH (NYSE:RH) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 678 shares of the company’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after acquiring an additional 38,572 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of RH in the fourth quarter worth about $31,384,000. New York State Common Retirement Fund grew its stake in shares of RH by 19.8% in the third quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock valued at $15,812,000 after buying an additional 7,800 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of RH during the 4th quarter valued at about $18,006,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RH

In other RH news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $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 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.

RH Stock Performance

Shares of NYSE:RH opened at $289.43 on Thursday. The company’s fifty day moving average is $393.57 and its two-hundred day moving average is $353.99. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 83.17, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted ($0.42) EPS. Sell-side analysts expect that RH will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

RH has been the subject of a number of analyst reports. StockNews.com cut RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

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.