Prakash Investment Advisors LLC Makes New Investment in RH (NYSE:RH)

Prakash Investment Advisors LLC purchased a new position in shares of RH (NYSE:RH) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,300 shares of the company’s stock, valued at approximately $512,000.

A number of other large investors also recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of RH in the 3rd quarter valued at $4,268,000. Lisanti Capital Growth LLC purchased a new position in shares of RH in the 3rd quarter valued at $3,251,000. Invst LLC purchased a new position in shares of RH in the 3rd quarter valued at $752,000. Cerity Partners LLC raised its stake in shares of RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares during the period. Finally, L.M. Kohn & Company purchased a new position in shares of RH in the 4th quarter valued at $289,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

RH has been the topic of a number of research reports. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and raised their price target for the company from $261.00 to $374.00 in a report on Thursday, January 30th. 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 report on Monday, January 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of RH in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 in the last ninety days. Corporate insiders own 28.10% of the company’s stock.

RH Price Performance

Shares of RH stock opened at $365.46 on Friday. The firm has a market cap of $6.80 billion, a P/E ratio of 105.02, a P/E/G ratio of 2.77 and a beta of 2.42. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The firm has a fifty day moving average of $408.84 and a two-hundred day moving average of $348.96.

RH (NYSE:RH) last announced its quarterly earnings data 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 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 35.72% and a net margin of 2.25%. RH’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.42) earnings per share. On average, sell-side analysts expect that RH will post 4.39 EPS for the current year.

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.