Harvest Fund Management Co. Ltd Purchases New Holdings in RH (NYSE:RH)

Harvest Fund Management Co. Ltd acquired a new stake in shares of RH (NYSE:RH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 202 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds also recently added to or reduced their stakes in RH. PNC Financial Services Group Inc. boosted its holdings in shares of RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock valued at $1,524,000 after acquiring an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in RH by 6.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after purchasing an additional 31 shares in the last quarter. Insight Advisors LLC PA increased its position in RH by 2.3% during the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after purchasing an additional 33 shares during the period. US Bancorp DE lifted its holdings in shares of RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock valued at $111,000 after buying an additional 36 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 39 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Performance

Shares of RH opened at $242.24 on Monday. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 69.61, a PEG 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 50 day simple moving average is $353.74 and its 200 day simple moving average is $352.33.

Wall Street Analyst Weigh In

Several research firms have issued reports on RH. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Wells Fargo & Company decreased their price target on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Robert W. Baird upped their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $412.44.

Insiders Place Their Bets

In related news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock valued at $28,922,379 in the last quarter. 28.10% of the stock is currently 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.