Level Four Advisory Services LLC Buys 921 Shares of RH (NYSE:RH)

Level Four Advisory Services LLC increased its stake in shares of RH (NYSE:RH) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,047 shares of the company’s stock after buying an additional 921 shares during the quarter. Level Four Advisory Services LLC owned about 0.10% of RH worth $7,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after purchasing an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after buying an additional 31 shares during the period. Insight Advisors LLC PA lifted its stake in RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after buying an additional 33 shares during the period. US Bancorp DE increased its position in RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after buying an additional 36 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RH has been the subject of a number of recent research reports. Guggenheim decreased their price objective on RH from $550.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush reduced their target price on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday. Citigroup cut their price target on shares of RH from $556.00 to $437.00 and set a “buy” rating on the stock in a report on Monday. Bank of America dropped their price target on RH from $510.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have given 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 $403.25.

RH Stock Performance

RH stock opened at $244.33 on Friday. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 70.21, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The business’s 50 day moving average price is $339.83 and its two-hundred day moving average price is $350.92. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26.

Insider Activity at RH

In other news, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 in the last three months. Company insiders own 28.10% of the company’s stock.

RH Company 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.