Virtu Financial LLC Trims Position in RH (NYSE:RH)

Virtu Financial LLC lessened its stake in RH (NYSE:RH) by 39.5% during the 4th quarter, according to its most recent filing 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 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of RH during the fourth quarter worth approximately $2,858,000. Semanteon Capital Management LP increased its holdings in RH by 147.0% during the 4th quarter. Semanteon Capital Management LP now owns 2,598 shares of the company’s stock worth $1,023,000 after purchasing an additional 1,546 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in RH during the 4th quarter worth $80,000. Xponance Inc. increased its stake in shares of RH by 5.0% during the fourth quarter. Xponance Inc. now owns 1,987 shares of the company’s stock valued at $782,000 after buying an additional 95 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of RH during the fourth quarter valued at $290,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other news, 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 value of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This represents a 91.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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. In the last 90 days, insiders have sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by insiders.

RH Price Performance

Shares of RH opened at $242.24 on Friday. The firm has a market capitalization of $4.51 billion, a PE ratio of 69.61, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $212.04 and a 1-year high of $457.26. The company’s fifty day moving average price is $353.74 and its 200-day moving average price is $350.89.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RH shares. Stifel Nicolaus raised their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. 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. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and increased their target price for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Finally, StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $412.44.

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.