Arrowstreet Capital Limited Partnership Boosts Position in RH (NYSE:RH)

Arrowstreet Capital Limited Partnership boosted its position in shares of RH (NYSE:RH) by 133.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500,067 shares of the company’s stock after acquiring an additional 858,014 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 7.04% of RH worth $129,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. LS Investment Advisors LLC raised its position in RH by 145.5% in the 4th quarter. LS Investment Advisors LLC now owns 1,652 shares of the company’s stock worth $142,000 after purchasing an additional 979 shares during the last quarter. Adell Harriman & Carpenter Inc. bought a new stake in shares of RH during the 4th quarter valued at $203,000. Wealth Architects LLC bought a new stake in shares of RH during the 4th quarter valued at $241,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of RH during the 3rd quarter valued at $274,000. Finally, First Trust Advisors LP bought a new stake in shares of RH in the 4th quarter valued at $345,000.

In other news, insider Karen Boone sold 22,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $99.60, for a total value of $2,191,200.00. Following the completion of the sale, the insider now owns 25,430 shares of the company’s stock, valued at approximately $2,532,828. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.80% of the company’s stock.

RH (RH) traded up $1.56 during midday trading on Wednesday, hitting $77.54. 836,954 shares of the stock traded hands, compared to its average volume of 1,060,000. The company has a current ratio of 1.47, a quick ratio of 0.28 and a debt-to-equity ratio of -48.40. The company has a market capitalization of $1,650.00, a price-to-earnings ratio of 184.62, a P/E/G ratio of 0.71 and a beta of 1.76. RH has a one year low of $32.70 and a one year high of $109.53.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of RH from a “buy” rating to a “hold” rating in a research report on Wednesday. Raymond James Financial upgraded shares of RH from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Wednesday. They noted that the move was a valuation call. UBS Group upgraded shares of RH from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Loop Capital upgraded shares of RH from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Thursday, January 11th. Finally, Stifel Nicolaus lowered their price target on shares of RH from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $77.37.

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About RH

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

Institutional Ownership by Quarter for RH (NYSE:RH)

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