B. Metzler seel. Sohn & Co. AG Makes New $2.87 Million Investment in RH (NYSE:RH)

B. Metzler seel. Sohn & Co. AG bought a new stake in RH (NYSE:RH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,280 shares of the company’s stock, valued at approximately $2,865,000.

Several other institutional investors also recently modified their holdings of RH. Alliancebernstein L.P. boosted its stake in RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after acquiring an additional 346,050 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of RH by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after purchasing an additional 5,506 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of RH in the 4th quarter worth $211,000. California Public Employees Retirement System boosted its position in shares of RH by 20.9% in the 4th quarter. California Public Employees Retirement System now owns 23,296 shares of the company’s stock worth $9,169,000 after purchasing an additional 4,031 shares during the last quarter. Finally, SCP Investment LP grew its stake in shares of RH by 10.3% during the fourth quarter. SCP Investment LP now owns 75,000 shares of the company’s stock worth $29,519,000 after purchasing an additional 7,000 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

NYSE:RH opened at $238.82 on Wednesday. The company has a market cap of $4.44 billion, a PE ratio of 68.63, a PEG ratio of 2.65 and a beta of 2.50. The stock has a 50-day simple moving average of $327.08 and a 200 day simple moving average of $351.62. RH has a 52-week low of $212.04 and a 52-week high of $457.26.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock valued at $28,922,379 over the last 90 days. 28.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and raised their target price for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Bank of America reduced their price objective on shares of RH from $510.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their target price on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Citigroup reduced their price target on shares of RH from $556.00 to $437.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.13.

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.