Prakash Investment Advisors LLC Invests $512,000 in RH (NYSE:RH)

Prakash Investment Advisors LLC purchased a new position in shares of RH (NYSE:RH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,300 shares of the company’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RH. CWM LLC increased its stake in shares of RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after acquiring an additional 150 shares during the period. Blue Trust Inc. increased its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Raymond James & Associates increased its stake in shares of RH by 1.7% during the third quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock worth $4,375,000 after acquiring an additional 219 shares during the period. International Assets Investment Management LLC increased its stake in shares of RH by 979.0% during the third quarter. International Assets Investment Management LLC now owns 669 shares of the company’s stock worth $224,000 after acquiring an additional 607 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of RH by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,904 shares of the company’s stock worth $1,665,000 after acquiring an additional 513 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Price Performance

RH stock opened at $365.46 on Friday. The company’s 50 day simple moving average is $408.84 and its 200-day simple moving average is $348.96. The firm has a market capitalization of $6.80 billion, a PE ratio of 105.02, a P/E/G ratio of 2.77 and a beta of 2.42. RH has a 12 month low of $212.43 and a 12 month high of $457.26.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their target price for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company upped their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $431.60.

Insider Activity at RH

In related news, 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 transaction of $268,038.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,880 shares of company stock valued at $29,129,879. Company insiders own 28.10% of the company’s stock.

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.