Investment House LLC Cuts Stock Position in RH (NYSE:RH)

Investment House LLC lessened its position in RH (NYSE:RH) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,508 shares of the company’s stock after selling 520 shares during the quarter. Investment House LLC owned approximately 0.08% of RH worth $5,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. increased its holdings in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC increased its holdings in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Rakuten Securities Inc. increased its holdings in RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in RH during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Down 1.8 %

Shares of NYSE RH opened at $221.30 on Wednesday. The stock has a market cap of $4.12 billion, a PE ratio of 63.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 52-week low of $212.04 and a 52-week high of $457.26. The business has a 50-day moving average price of $364.18 and a 200 day moving average price of $352.64.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RH. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday. Robert W. Baird increased their price objective 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 upgraded RH from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Loop Capital increased their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH has an average rating of “Moderate Buy” and a consensus price target of $423.27.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 600 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is owned by company insiders.

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.