Grassi Investment Management Buys New Stake in RH (NYSE:RH)

Grassi Investment Management bought a new stake in shares of RH (NYSE:RH) in the fourth quarter, Holdings Channel reports. The fund bought 600 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RH. Commonwealth Equity Services LLC lifted its position in RH by 187.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,438 shares of the company’s stock valued at $596,000 after purchasing an additional 1,591 shares during the period. Daiwa Securities Group Inc. lifted its position in RH by 68.9% during the second quarter. Daiwa Securities Group Inc. now owns 870 shares of the company’s stock valued at $213,000 after purchasing an additional 355 shares during the period. WINTON GROUP Ltd acquired a new position in RH during the second quarter valued at $340,000. Dimensional Fund Advisors LP lifted its position in RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after purchasing an additional 41,242 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RH

In other RH news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the sale, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,000 shares of company stock worth $5,286,265. 28.10% of the stock is currently owned by insiders.

RH Stock Up 1.7 %

NYSE:RH traded up $6.94 on Monday, hitting $420.89. The stock had a trading volume of 479,613 shares, compared to its average volume of 452,940. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 120.95, a PEG ratio of 2.73 and a beta of 2.43. The company has a fifty day moving average price of $377.52 and a two-hundred day moving average price of $319.76. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate 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 prior year, the company posted ($0.42) earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that RH will post 5.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RH shares. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $435.00 to $530.00 in a research report on Monday. Stifel Nicolaus upped 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. Robert W. Baird boosted their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $421.73.

RH 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.