RH (NYSE:RH) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in RH (NYSE:RH) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,896 shares of the company’s stock after selling 237 shares during the quarter. Commonwealth Equity Services LLC’s holdings in RH were worth $746,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RH. Versant Capital Management Inc raised its stake in shares of RH by 7,000.0% in the fourth 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 last quarter. UMB Bank n.a. increased its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after buying an additional 39 shares during the period. GAMMA Investing LLC raised its position in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the last quarter. Rakuten Securities Inc. lifted its stake in RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of RH in the 4th quarter valued at $68,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by corporate insiders.

RH Price Performance

RH stock opened at $249.28 on Thursday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 71.63, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The stock’s 50-day moving average is $323.21 and its 200-day moving average is $350.91.

RH (NYSE:RH) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts anticipate that RH will post 4.39 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Telsey Advisory Group reduced their price target on RH from $500.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Robert W. Baird lifted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Bank of America dropped their target price on RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Finally, Loop Capital upped their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Two equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $400.13.

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.