World Equity Group Inc. Buys 923 Shares of RH (NYSE:RH)

World Equity Group Inc. raised its holdings in RH (NYSE:RH) by 90.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,946 shares of the company’s stock after buying an additional 923 shares during the quarter. World Equity Group Inc.’s holdings in RH were worth $766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Peregrine Asset Advisers Inc. bought a new stake in RH in the 4th quarter valued at $995,000. Prakash Investment Advisors LLC bought a new stake in RH in the 4th quarter valued at $512,000. Private Advisor Group LLC bought a new stake in RH in the 4th quarter valued at $267,000. Alberta Investment Management Corp bought a new stake in RH in the 4th quarter valued at $3,875,000. Finally, Fortis Group Advisors LLC bought a new stake in RH in the 4th quarter valued at $1,907,000. Institutional investors own 90.17% of the company’s stock.

RH Stock Down 7.1 %

Shares of NYSE RH opened at $340.06 on Monday. The firm’s 50-day simple moving average is $406.73 and its 200 day simple moving average is $350.99. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 97.72, a price-to-earnings-growth ratio of 2.65 and a beta of 2.42. RH has a 12-month low of $212.43 and a 12-month high of $457.26.

RH (NYSE:RH) last released 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 business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts expect that RH will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BNP Paribas reissued an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Stifel Nicolaus boosted their target price on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Robert W. Baird boosted 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $431.60.

Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated 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 through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,880 shares of company stock worth $29,129,879. Company insiders own 28.10% of the company’s stock.

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.