WCM Investment Management LLC Acquires Shares of 45,708 RH (NYSE:RH)

WCM Investment Management LLC bought a new position in shares of RH (NYSE:RH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 45,708 shares of the company’s stock, valued at approximately $18,006,000.

A number of other large investors have also recently made changes to their positions in RH. Versant Capital Management Inc lifted its holdings in RH by 7,000.0% during the 4th 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. 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. GAMMA Investing LLC raised 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 valued at $30,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. grew its stake in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in RH during the 4th quarter worth $68,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RH

In other RH news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock valued at $29,129,879 in the last ninety days. Company insiders own 28.10% of the company’s stock.

RH Stock Performance

Shares of RH stock opened at $397.03 on Friday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 114.09, a PEG ratio of 3.02 and a beta of 2.42. The stock’s 50-day simple moving average is $408.91 and its 200-day simple moving average is $342.09.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.42) EPS. As a group, equities analysts forecast that RH will post 4.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Guggenheim increased their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Loop Capital boosted their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $500.00 target price on shares of RH in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

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.