R Squared Ltd Makes New Investment in RH (NYSE:RH)

R Squared Ltd bought a new stake in RH (NYSE:RH) in the fourth quarter, HoldingsChannel reports. The fund bought 330 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors also recently made changes to their positions in RH. Versant Capital Management Inc lifted 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 buying an additional 70 shares in the last quarter. UMB Bank n.a. boosted its position in RH by 125.8% in 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 during the last quarter. GAMMA Investing LLC grew its stake in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. grew its position 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 buying an additional 74 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of RH in the 3rd quarter worth about $100,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Performance

RH stock opened at $423.11 on Thursday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The firm has a market cap of $7.87 billion, a PE ratio of 121.58, a P/E/G ratio of 10.14 and a beta of 2.43. The firm’s 50 day moving average price is $402.49 and its two-hundred day moving average price is $335.34.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Robert W. Baird raised their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Finally, Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $421.73.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by corporate insiders.

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.