E Fund Management Co. Ltd. Sells 2,194 Shares of RH (NYSE:RH)

E Fund Management Co. Ltd. trimmed its holdings in shares of RH (NYSE:RH) by 73.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the company’s stock after selling 2,194 shares during the period. E Fund Management Co. Ltd.’s holdings in RH were worth $307,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in RH by 7,000.0% in the 4th 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 last quarter. UMB Bank n.a. increased its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC increased its holdings in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in RH in the 4th quarter worth about $68,000. Finally, Spire Wealth Management purchased a new stake in RH in the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This represents a 91.60 % 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, Director Keith Belling sold 500 shares of the stock in a transaction dated Tuesday, December 17th. The shares were 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 directly owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock valued at $29,129,879 over the last ninety days. Company insiders own 28.10% of the company’s stock.

RH Stock Performance

Shares of RH stock opened at $262.70 on Friday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The company has a market capitalization of $4.89 billion, a P/E ratio of 75.49, a PEG ratio of 2.65 and a beta of 2.50. The stock has a 50 day moving average price of $388.33 and a two-hundred day moving average price of $354.07.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RH shares. Robert W. Baird lifted their target price on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Wells Fargo & Company lifted their target price on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price objective on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $431.60.

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.