RH (NYSE:RH) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. increased its position in shares of RH (NYSE:RH) by 180.0% during the fourth quarter, Holdings Channel reports. The fund owned 112 shares of the company’s stock after acquiring an additional 72 shares during the quarter. Rakuten Securities Inc.’s holdings in RH were worth $44,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in RH during the third quarter worth approximately $4,268,000. Invst LLC acquired a new position in shares of RH in the 3rd quarter valued at $752,000. Cerity Partners LLC boosted its holdings in shares of RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the last quarter. L.M. Kohn & Company acquired a new position in shares of RH in the 4th quarter valued at $289,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of RH by 55.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after purchasing an additional 1,341 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on RH. Loop Capital lifted their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird lifted their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus lifted 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. Finally, Guggenheim lifted their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

Insider Buying and Selling

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 in the last quarter. Company insiders own 28.10% of the company’s stock.

RH Price Performance

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 company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 69.24, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The firm’s fifty day moving average price is $378.81 and its 200 day moving average price is $353.27.

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

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.