X Square Capital LLC Sells 2,940 Shares of RH (NYSE:RH)

X Square Capital LLC cut its stake in RH (NYSE:RH) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,757 shares of the company’s stock after selling 2,940 shares during the period. RH comprises about 1.3% of X Square Capital LLC’s investment portfolio, making the stock its 23rd largest position. X Square Capital LLC’s holdings in RH were worth $3,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. raised its stake in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC boosted its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of RH in the 4th quarter worth $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RH. Bank of America cut their price objective on RH from $510.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on RH from $440.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Guggenheim cut their price target on RH from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus boosted their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Wedbush cut their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $403.25.

RH Stock Up 0.3 %

Shares of NYSE:RH opened at $244.33 on Friday. The company has a market cap of $4.55 billion, a P/E ratio of 70.21, a P/E/G ratio of 2.65 and a beta of 2.50. The business has a fifty day simple moving average of $339.83 and a 200-day simple moving average of $350.92. RH has a 52 week low of $212.04 and a 52 week high of $457.26.

Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last 90 days. 28.10% of the stock is owned by company insiders.

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.