Summit Investment Advisors Inc. Buys 859 Shares of RH (NYSE:RH)

Summit Investment Advisors Inc. boosted its position in shares of RH (NYSE:RH) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,574 shares of the company’s stock after buying an additional 859 shares during the quarter. Summit Investment Advisors Inc.’s holdings in RH were worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RH. UMB Bank n.a. boosted its stake in shares of RH by 125.8% during the 4th 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 period. Versant Capital Management Inc lifted its stake in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of RH by 533.3% during 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 period. Rakuten Securities Inc. grew its stake in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after buying an additional 72 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of RH in the fourth quarter worth approximately $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RH shares. StockNews.com cut RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Wedbush cut their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Bank of America lowered shares of RH from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $410.00 to $130.00 in a report on Thursday, April 3rd. Barclays dropped their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Finally, Guggenheim decreased their price target on shares of RH from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $283.94.

RH Price Performance

RH opened at $164.81 on Monday. The firm has a market capitalization of $3.09 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The business’s 50-day moving average is $277.36 and its two-hundred day moving average is $339.84. RH has a 1 year low of $123.03 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that RH will post 4.39 EPS for the current year.

Insider Transactions at RH

In other RH news, insider Edward T. Lee sold 600 shares of the business’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 transaction of $268,038.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,880 shares of company stock valued at $24,550,754. Corporate insiders own 28.10% of the company’s stock.

RH 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.