OFI Invest Asset Management Makes New Investment in RH (NYSE:RH)

OFI Invest Asset Management acquired a new position in shares of RH (NYSE:RH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,492 shares of the company’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in 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. boosted its position in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares during the period. GAMMA Investing LLC boosted its position in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of RH in the fourth quarter valued at about $68,000. Finally, Spire Wealth Management bought a new stake in shares of RH in the fourth quarter valued at about $80,000. 90.17% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock valued at $29,129,879 over the last quarter. 28.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

RH has been the subject of a number of recent research reports. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Stifel Nicolaus boosted their target price on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and boosted their target price for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

RH Trading Down 6.5 %

Shares of NYSE RH opened at $262.70 on Monday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 75.49, a PEG ratio of 2.65 and a beta of 2.50. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The stock has a 50-day moving average price of $388.33 and a two-hundred day moving average price of $354.64.

RH (NYSE:RH) last issued its earnings results 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 35.72% and a net margin of 2.25%. The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the firm posted ($0.42) EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 4.39 earnings per share for the current 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.