Peregrine Asset Advisers Inc. Purchases Shares of 2,529 RH (NYSE:RH)

Peregrine Asset Advisers Inc. acquired a new stake in shares of RH (NYSE:RH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,529 shares of the company’s stock, valued at approximately $995,000.

Several other large investors have also modified their holdings of RH. Virtu Financial LLC acquired a new position in RH during the third quarter worth approximately $4,268,000. Lisanti Capital Growth LLC purchased a new stake in shares of RH during the 3rd quarter valued at $3,251,000. Invst LLC acquired a new stake in shares of RH during the 3rd quarter worth $752,000. Cerity Partners LLC raised its position in shares of RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after buying an additional 1,506 shares during the period. Finally, L.M. Kohn & Company acquired a new position in RH in the fourth quarter valued at $289,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Price Performance

NYSE:RH opened at $340.06 on Friday. The firm has a 50-day moving average of $408.84 and a two-hundred day moving average of $348.96. The stock has a market cap of $6.33 billion, a P/E ratio of 97.72, a PEG ratio of 2.65 and a beta of 2.42. RH has a 1-year low of $212.43 and a 1-year high of $457.26.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RH shares. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Finally, Robert W. Baird raised their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, RH presently has an average rating of “Moderate Buy” and a consensus price target of $431.60.

Insider Activity

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by insiders.

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.