FNY Investment Advisers LLC Makes New Investment in RH (NYSE:RH)

FNY Investment Advisers LLC purchased a new stake in shares of RH (NYSE:RH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 748 shares of the company’s stock, valued at approximately $294,000.

Several other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new stake in RH in the 3rd quarter valued at about $4,268,000. Lisanti Capital Growth LLC acquired a new stake in shares of RH in the third quarter valued at approximately $3,251,000. Invst LLC bought a new stake in shares of RH during the third quarter valued at approximately $752,000. Cerity Partners LLC boosted its position in shares of RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the period. Finally, BlackBarn Capital Partners LP grew its holdings in RH by 156.8% in the 2nd quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock worth $10,671,000 after buying an additional 26,655 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of RH stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,000 shares of company stock worth $5,286,265. Company insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

RH has been the topic of several recent analyst reports. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $435.00 to $530.00 in a research note on Monday. BNP Paribas restated an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Robert W. Baird increased their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus raised 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, Wells Fargo & Company upped their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, RH currently has an average rating of “Hold” and a consensus target price of $421.73.

RH Stock Performance

RH stock opened at $416.72 on Wednesday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm’s 50 day moving average price is $380.99 and its two-hundred day moving average price is $322.23. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 119.75, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last issued 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 negative return on equity of 32.76% and a net margin of 2.25%. The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that RH will post 5.63 EPS for the current fiscal year.

About RH

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.