RH (NYSE:RH) Position Boosted by SCP Investment LP

SCP Investment LP increased its stake in shares of RH (NYSE:RH) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. RH comprises about 22.6% of SCP Investment LP’s portfolio, making the stock its largest holding. SCP Investment LP owned approximately 0.40% of RH worth $29,519,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Maridea Wealth Management LLC bought a new stake in shares of RH in the 4th quarter valued at about $439,000. Level Four Advisory Services LLC grew its holdings in RH by 5.4% in the fourth quarter. Level Four Advisory Services LLC now owns 18,047 shares of the company’s stock worth $7,103,000 after purchasing an additional 921 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of RH by 16.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company’s stock worth $888,000 after purchasing an additional 314 shares in the last quarter. Norges Bank purchased a new stake in shares of RH during the 4th quarter valued at $54,314,000. Finally, Blair William & Co. IL boosted its position in shares of RH by 5.4% in the 4th quarter. Blair William & Co. IL now owns 16,014 shares of the company’s stock worth $6,303,000 after purchasing an additional 825 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Stock Down 2.9 %

Shares of RH stock opened at $236.26 on Friday. The firm has a market cap of $4.40 billion, a PE ratio of 67.89, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The business has a 50-day moving average price of $335.63 and a 200 day moving average price of $351.63.

Insider Transactions at RH

In other news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. 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. 28.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RH shares. Stifel Nicolaus upped their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Citigroup decreased their price objective on shares of RH from $556.00 to $437.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Guggenheim dropped their target price on shares of RH from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird lifted their price objective 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. Finally, Wells Fargo & Company cut their target price on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, RH currently has an average rating of “Moderate Buy” and a consensus target price of $403.25.

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.