Level Four Advisory Services LLC Increases Stock Holdings in RH (NYSE:RH)

Level Four Advisory Services LLC grew its holdings in shares of RH (NYSE:RH) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,047 shares of the company’s stock after purchasing an additional 921 shares during the quarter. Level Four Advisory Services LLC’s holdings in RH were worth $7,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RH. Versant Capital Management Inc increased its holdings in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. raised its position in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC lifted its stake in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after buying an additional 72 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in RH during the fourth quarter valued at about $68,000. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 0.3 %

Shares of RH opened at $244.33 on Friday. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 70.21, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The company has a 50 day moving average of $339.83 and a two-hundred day moving average of $350.92.

Analysts Set New Price Targets

RH has been the subject of several research analyst reports. Loop Capital lifted their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Citigroup decreased their price objective on RH from $556.00 to $437.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group cut their target price on RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, Bank of America reduced their price objective on shares of RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, RH presently has an average rating of “Moderate Buy” and an average price target of $403.25.

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares in the company, valued at $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. Over the last 90 days, insiders sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is currently owned by corporate insiders.

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.