Wealthfront Advisers LLC Acquires New Holdings in RH (NYSE:RH)

Wealthfront Advisers LLC bought a new stake in RH (NYSE:RH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 89,370 shares of the company’s stock, valued at approximately $35,175,000. Wealthfront Advisers LLC owned approximately 0.48% of RH as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of RH during the 3rd quarter worth $4,268,000. Invst LLC acquired a new stake in RH during the third quarter worth approximately $752,000. Cerity Partners LLC lifted its holdings in shares of RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares in the last quarter. L.M. Kohn & Company bought a new stake in shares of RH in the fourth quarter valued at $289,000. Finally, Sanctuary Advisors LLC grew its position in shares of RH by 55.6% in the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after purchasing an additional 1,341 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Performance

RH opened at $230.68 on Wednesday. The stock has a market capitalization of $4.29 billion, a PE ratio of 66.29, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The stock’s 50 day moving average price is $381.86 and its 200-day moving average price is $354.06. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period in the prior year, the company posted ($0.42) EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Research analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RH shares. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of RH in a report on Tuesday, February 18th. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a report on Tuesday. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Finally, Robert W. Baird raised their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One investment analyst has 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 data from MarketBeat, RH currently has an average rating of “Moderate Buy” and an average target price of $431.60.

Insider Buying and Selling

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,880 shares of company stock valued at $29,129,879. Insiders own 28.10% of the company’s stock.

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.