RH (NYSE:RH) Shares Sold by Investment House LLC

Investment House LLC reduced its holdings in RH (NYSE:RH) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,508 shares of the company’s stock after selling 520 shares during the quarter. Investment House LLC’s holdings in RH were worth $5,710,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RH. GSA Capital Partners LLP acquired a new stake in shares of RH in the 3rd quarter valued at approximately $311,000. KBC Group NV increased its stake in RH by 25.8% in the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after purchasing an additional 93 shares in the last quarter. Quest Partners LLC increased its stake in RH by 57.5% in the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock valued at $300,000 after purchasing an additional 328 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in RH in the 3rd quarter valued at approximately $201,000. Finally, Charles Schwab Investment Management Inc. increased its stake in RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RH

In related news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction 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 transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 over the last quarter. 28.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Guggenheim raised their price objective on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price objective on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Loop Capital raised their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $423.27.

RH Stock Down 1.8 %

RH stock opened at $221.30 on Wednesday. RH has a 52-week low of $212.04 and a 52-week high of $457.26. The stock’s fifty day simple moving average is $364.18 and its 200-day simple moving average is $352.64. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

RH 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.