Jones Financial Companies Lllp Raises Position in RH (NYSE:RH)

Jones Financial Companies Lllp boosted its stake in RH (NYSE:RH) by 66.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 430 shares of the company’s stock after buying an additional 172 shares during the period. Jones Financial Companies Lllp’s holdings in RH were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc increased its stake 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 purchasing an additional 70 shares in the last quarter. UMB Bank n.a. increased its stake in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its stake 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 bought a new stake in shares of RH during the fourth quarter valued at approximately $68,000. Finally, Spire Wealth Management bought a new stake in shares of RH during the fourth quarter valued at approximately $80,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Price Performance

Shares of RH stock opened at $225.04 on Friday. The company’s fifty day simple moving average is $371.63 and its 200-day simple moving average is $351.94. The stock has a market capitalization of $4.19 billion, a PE ratio of 64.67, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $212.04 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 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned ($0.42) EPS. As a group, research analysts anticipate that RH will post 4.39 EPS for the current year.

Insider Transactions at RH

In related news, insider Edward T. Lee sold 600 shares of RH stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction 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 transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock worth $29,129,879 in the last 90 days. 28.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on RH. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Stifel Nicolaus raised their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research report on Tuesday. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Guggenheim raised their price target on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.