Farther Finance Advisors LLC Sells 49 Shares of RH (NYSE:RH)

Farther Finance Advisors LLC reduced its position in RH (NYSE:RH) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74 shares of the company’s stock after selling 49 shares during the quarter. Farther Finance Advisors LLC’s holdings in RH were worth $29,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of RH by 125.8% in the fourth 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 last quarter. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% in the 4th 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 4th quarter valued at approximately $68,000. Finally, Spire Wealth Management acquired a new position in RH during the 4th quarter worth approximately $80,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Citigroup reduced their price objective on RH from $556.00 to $437.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Guggenheim boosted their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of RH in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $412.56.

RH Price Performance

Shares of RH stock opened at $258.52 on Tuesday. The stock’s 50-day moving average is $350.53 and its 200 day moving average is $352.39. RH has a one year low of $212.04 and a one year high of $457.26. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 74.29, a PEG ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 in the last quarter. 28.10% of the stock is currently owned by company insiders.

RH 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.