SCP Investment LP Acquires 7,000 Shares of RH (NYSE:RH)

SCP Investment LP increased its holdings in shares of RH (NYSE:RH) by 10.3% in the fourth quarter, Holdings Channel reports. The firm owned 75,000 shares of the company’s stock after buying an additional 7,000 shares during the period. RH comprises 22.6% of SCP Investment LP’s investment portfolio, making the stock its largest holding. SCP Investment LP’s holdings in RH were worth $29,519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of RH by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after purchasing an additional 18,389 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of RH by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company’s stock worth $73,876,000 after acquiring an additional 2,865 shares during the period. Two Sigma Advisers LP boosted its holdings in RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after purchasing an additional 93,500 shares during the period. Norges Bank acquired a new position in RH during the 4th quarter worth $54,314,000. Finally, Raymond James Financial Inc. acquired a new stake in RH in the 4th quarter valued at about $52,190,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction that occurred 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. Insiders have sold 66,380 shares of company stock valued at $28,922,379 in the last ninety days. 28.10% of the stock is currently owned by company insiders.

RH Trading Down 2.9 %

Shares of NYSE RH opened at $236.26 on Friday. The stock has a market cap of $4.40 billion, a P/E ratio of 67.89, a P/E/G 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 stock has a 50 day moving average of $335.63 and a two-hundred day moving average of $351.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Loop Capital boosted their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. UBS Group dropped their price objective on shares of RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and raised their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Stifel Nicolaus boosted their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Guggenheim cut their price target on RH from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $403.25.

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.