RH (NYSE:RH) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of RH (NYSE:RH) by 533.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76 shares of the company’s stock after acquiring an additional 64 shares during the period. GAMMA Investing LLC’s holdings in RH were worth $30,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Blue Trust Inc. raised its position in shares of RH by 308.3% during the third 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. Centaurus Financial Inc. acquired a new stake in shares of RH during the third quarter worth $100,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of RH during the third quarter valued at $110,000. Finally, Quarry LP acquired a new position in shares of RH in the 3rd quarter valued at $141,000. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock valued at $5,286,265 in the last ninety days. 28.10% of the stock is currently owned by company insiders.

RH Stock Down 0.7 %

NYSE RH opened at $416.72 on Wednesday. The firm has a 50-day moving average price of $380.99 and a two-hundred day moving average price of $322.23. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The company has a market capitalization of $7.75 billion, a P/E ratio of 119.75, a P/E/G ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company 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 32.76% and a net margin of 2.25%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company posted ($0.42) earnings per share. Equities analysts expect that RH will post 5.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $435.00 to $530.00 in a research note on Monday. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Finally, Robert W. Baird boosted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $421.73.

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.