Maridea Wealth Management LLC Invests $439,000 in RH (NYSE:RH)

Maridea Wealth Management LLC acquired a new stake in RH (NYSE:RH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,115 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of RH in the fourth quarter valued at about $54,314,000. Raymond James Financial Inc. purchased a new stake in RH in the 4th quarter valued at approximately $52,190,000. American Century Companies Inc. lifted its stake in RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after buying an additional 101,160 shares in the last quarter. Two Sigma Advisers LP increased its position in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after buying an additional 93,500 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of RH in the fourth quarter worth $35,175,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction 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 owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,380 shares of company stock valued at $28,922,379. Corporate insiders own 28.10% of the company’s stock.

RH Price Performance

Shares of RH opened at $236.26 on Friday. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The stock’s 50-day moving average is $335.63 and its two-hundred day moving average is $351.63. The stock 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.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Telsey Advisory Group lowered their price objective on RH from $500.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, Loop Capital increased their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.