Ogorek Anthony Joseph NY ADV Trims Stock Position in RH (NYSE:RH)

Ogorek Anthony Joseph NY ADV decreased its holdings in RH (NYSE:RH) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80 shares of the company’s stock after selling 29 shares during the quarter. Ogorek Anthony Joseph NY ADV’s holdings in RH were worth $31,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RH. Spire Wealth Management bought a new position in shares of RH during the 4th quarter valued at approximately $80,000. R Squared Ltd bought a new position in RH in the 4th quarter worth approximately $130,000. KBC Group NV grew its holdings in RH by 47.4% during the 4th quarter. KBC Group NV now owns 669 shares of the company’s stock valued at $263,000 after buying an additional 215 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of RH by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after buying an additional 52 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of RH by 5.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,205 shares of the company’s stock worth $474,000 after acquiring an additional 67 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by company insiders.

RH Price Performance

RH stock opened at $419.70 on Monday. The company has a market capitalization of $7.81 billion, a PE ratio of 120.60, a P/E/G ratio of 9.60 and a beta of 2.42. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The firm’s 50-day moving average is $407.01 and its 200 day moving average is $337.93.

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 firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.42) EPS. Sell-side analysts forecast that RH will post 4.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $261.00 to $374.00 in a report on Thursday. BNP Paribas reissued an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Guggenheim upped their target price 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. Loop Capital increased their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Robert W. Baird boosted their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Two 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, RH currently has an average 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.