89,370 Shares in RH (NYSE:RH) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in RH (NYSE:RH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 89,370 shares of the company’s stock, valued at approximately $35,175,000.

Several other hedge funds also recently added to or reduced their stakes in RH. Versant Capital Management Inc raised its stake in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. increased its holdings in 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 buying an additional 39 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 64 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in RH in the fourth quarter valued at $68,000. Finally, Spire Wealth Management purchased a new position in RH in the fourth quarter valued at $80,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Down 1.2 %

Shares of NYSE RH opened at $230.68 on Wednesday. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The firm has a fifty day moving average of $381.86 and a 200-day moving average of $354.06. The stock has a market capitalization of $4.29 billion, a PE ratio of 66.29, a P/E/G ratio of 2.65 and a beta of 2.50.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same period in the prior year, the firm earned ($0.42) earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RH. Barclays raised RH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Guggenheim raised their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. BNP Paribas reissued an “underperform” rating and set a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Finally, Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $435.00 to $530.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, RH currently has an average rating of “Moderate Buy” and a consensus price target of $431.60.

Insider Activity

In related news, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares in the company, valued at $216,444.80. The trade was 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 in the last ninety days. Company insiders own 28.10% of the company’s stock.

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.