Xponance Inc. Increases Stock Position in RH (NYSE:RH)

Xponance Inc. grew its position in shares of RH (NYSE:RH) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,987 shares of the company’s stock after purchasing an additional 95 shares during the quarter. Xponance Inc.’s holdings in RH were worth $782,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC grew its position in shares of RH by 57.5% during the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after acquiring an additional 328 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in RH during the 3rd quarter worth $201,000. Charles Schwab Investment Management Inc. increased its stake in RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Cerity Partners LLC increased its stake in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of RH during the third quarter worth about $100,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

Shares of RH stock opened at $258.52 on Tuesday. The stock has a fifty day moving average price of $350.53 and a 200 day moving average price of $352.39. The stock has a market cap of $4.81 billion, a PE ratio of 74.29, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 1 year low of $212.04 and a 1 year high of $457.26.

Insider Activity

In other news, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock worth $28,922,379 over the last 90 days. 28.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on RH. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of RH in a research report on Tuesday, February 18th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective 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. 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, January 13th. Finally, Telsey Advisory Group lowered their target price on shares of RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $412.56.

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.