Ingalls & Snyder LLC Sells 481 Shares of RH (NYSE:RH)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RH. Versant Capital Management Inc raised its position 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 purchasing an additional 70 shares in the last quarter. UMB Bank n.a. raised its holdings 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 buying an additional 39 shares in the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 64 shares during the last quarter. Blue Trust Inc. lifted its position in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after buying an additional 74 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in RH in the fourth quarter worth approximately $68,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RH has been the topic of several research reports. Morgan Stanley raised shares of 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 note on Monday, January 13th. Robert W. Baird lifted their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. BNP Paribas restated an “underperform” rating and set a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Finally, StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $431.60.

Insider Buying and Selling at RH

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the business’s 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 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 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by company insiders.

RH Trading Up 1.6 %

NYSE:RH opened at $380.22 on Friday. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The company has a 50-day moving average price of $409.48 and a 200-day moving average price of $345.24. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 109.26, a P/E/G ratio of 3.02 and a beta of 2.42.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.42) EPS. Equities analysts forecast that RH will post 4.37 EPS for the current fiscal year.

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.