Ingalls & Snyder LLC Decreases Stake in RH (NYSE:RH)

Ingalls & Snyder LLC reduced its holdings in shares of RH (NYSE:RH) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the company’s stock after selling 481 shares during the quarter. Ingalls & Snyder LLC’s holdings in RH were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its stake in 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 buying an additional 39 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares during the period. GAMMA Investing LLC increased its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. increased its position in RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in RH in the fourth quarter valued at about $68,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RH has been the subject of a number of recent research reports. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, RH currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward T. Lee sold 600 shares of RH stock in a transaction dated Friday, January 17th. The stock was 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. Over the last three months, insiders have sold 66,880 shares of company stock worth $29,129,879. Corporate insiders own 28.10% of the company’s stock.

RH Price Performance

RH stock opened at $380.22 on Friday. The firm’s 50 day moving average price is $409.48 and its 200-day moving average price is $345.24. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The stock has a market cap of $7.07 billion, a P/E ratio of 109.26, a PEG ratio of 3.02 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) 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 company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts expect that RH will post 4.37 EPS for the current year.

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.