Virtu Financial LLC Sells 5,046 Shares of RH (NYSE:RH)

Virtu Financial LLC lowered its position in RH (NYSE:RH) by 39.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,716 shares of the company’s stock after selling 5,046 shares during the period. Virtu Financial LLC’s holdings in RH were worth $3,037,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Invst LLC bought a new stake in shares of RH during the 3rd quarter valued at about $752,000. Cerity Partners LLC grew its position in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after buying an additional 1,506 shares during the period. Victory Capital Management Inc. increased its holdings in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after buying an additional 445 shares during the last quarter. L.M. Kohn & Company bought a new position in RH in the fourth quarter worth approximately $289,000. Finally, Sanctuary Advisors LLC grew its position in shares of RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,341 shares during the period. Institutional investors own 90.17% of the company’s stock.

RH Trading Up 3.5 %

Shares of NYSE RH opened at $242.24 on Friday. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The firm’s 50-day moving average price is $353.74 and its 200-day moving average price is $350.89. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 69.61, a P/E/G ratio of 2.65 and a beta of 2.50.

Insider Buying and Selling at RH

In related news, insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of the stock in a transaction dated 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 sale, 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 have sold a total of 66,380 shares of company stock worth $28,922,379 over the last ninety days. Company insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RH. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Robert W. Baird lifted their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, UBS Group lowered their price objective on RH from $440.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $412.44.

About RH

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.