Allspring Global Investments Holdings LLC Buys 61 Shares of RH (NYSE:RH)

Allspring Global Investments Holdings LLC boosted its stake in RH (NYSE:RH) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,871 shares of the company’s stock after buying an additional 61 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.32% of RH worth $97,141,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in shares of RH by 2.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 4,200 shares of the company’s stock valued at $1,653,000 after purchasing an additional 100 shares in the last quarter. Summit Trail Advisors LLC bought a new position in RH during the 4th quarter valued at about $292,000. WCM Investment Management LLC acquired a new position in RH in the fourth quarter valued at about $18,006,000. Empowered Funds LLC bought a new stake in RH during the fourth quarter worth about $620,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of RH during the fourth quarter worth approximately $68,000. 90.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on RH shares. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Loop Capital boosted their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Robert W. Baird increased their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their price target on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their price target for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 600 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 over the last three months. Company insiders own 28.10% of the company’s stock.

RH Price Performance

Shares of NYSE:RH opened at $374.47 on Thursday. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 107.61, a P/E/G ratio of 3.02 and a beta of 2.42. The company has a 50 day moving average of $409.51 and a 200-day moving average of $345.04. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data 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). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.42) earnings per share. Equities research analysts anticipate that RH will post 4.37 earnings per share for the current year.

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.