Rakuten Securities Inc. Increases Position in RH (NYSE:RH)

Rakuten Securities Inc. raised its position in RH (NYSE:RH) by 180.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112 shares of the company’s stock after purchasing an additional 72 shares during the quarter. Rakuten Securities Inc.’s holdings in RH were worth $44,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the period. Versant Capital Management Inc boosted its stake in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of RH during the fourth quarter worth about $68,000. Finally, Spire Wealth Management acquired a new stake in shares of RH during the fourth quarter worth about $80,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Trading Up 4.5 %

Shares of RH stock opened at $240.97 on Thursday. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The stock has a market cap of $4.48 billion, a PE ratio of 69.24, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The company has a 50-day moving average of $378.81 and a two-hundred day moving average of $353.27.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same period last year, the business posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the firm’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 transaction of $11,261,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,880 shares of company stock valued at $29,129,879. Corporate insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RH shares. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $500.00 target price on shares of RH in a research note on Tuesday, February 18th. Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Finally, Loop Capital raised their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

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.