Quantbot Technologies LP Makes New $2.86 Million Investment in RH (NYSE:RH)

Quantbot Technologies LP bought a new position in shares of RH (NYSE:RH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,261 shares of the company’s stock, valued at approximately $2,858,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RH. Versant Capital Management Inc grew its stake in shares of 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 buying an additional 70 shares during the last quarter. UMB Bank n.a. grew its stake in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of RH in the fourth quarter worth $68,000. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 in the last quarter. Insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RH shares. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday. Guggenheim upped their price target 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. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and upped their price target for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. Finally, Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $412.44.

RH Price Performance

RH opened at $242.24 on Friday. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The firm has a market capitalization of $4.51 billion, a PE ratio of 69.61, a P/E/G ratio of 2.65 and a beta of 2.50. The company’s 50-day moving average is $353.74 and its 200 day moving average is $351.58.

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.