Kingswood Wealth Advisors LLC Takes Position in RH (NYSE:RH)

Kingswood Wealth Advisors LLC 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 (SEC). The institutional investor acquired 1,388 shares of the company’s stock, valued at approximately $405,000.

Other institutional investors also recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. bought a new position in RH in the fourth quarter worth about $1,246,000. Moody National Bank Trust Division purchased a new stake in RH in the fourth quarter worth about $1,043,000. Neo Ivy Capital Management purchased a new stake in RH in the third quarter worth about $480,000. Suvretta Capital Management LLC purchased a new stake in RH in the second quarter worth about $27,418,000. Finally, Hsbc Holdings PLC purchased a new stake in RH in the third quarter worth about $10,112,000. 90.17% of the stock is owned by institutional investors.

RH Trading Up 3.8 %

Shares of RH stock opened at $297.10 on Thursday. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The firm’s 50 day moving average is $271.63 and its 200 day moving average is $268.34. The stock has a market capitalization of $5.47 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.85 and a beta of 2.43.

Insider Buying and Selling

In related news, insider Edward T. Lee sold 2,624 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 23.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RH has been the topic of a number of recent research reports. Bank of America cut their price objective on shares of RH from $345.00 to $309.00 and set a “buy” rating on the stock in a report on Friday, December 8th. TD Cowen cut their price objective on shares of RH from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, December 8th. Barclays upped their price objective on shares of RH from $256.00 to $293.00 and gave the stock an “equal weight” rating in a report on Friday, December 8th. Wedbush restated a “neutral” rating and issued a $275.00 price objective on shares of RH in a report on Friday, March 22nd. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $311.08.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.