Counterpoint Mutual Funds LLC Invests $290,000 in RH (NYSE:RH)

Counterpoint Mutual Funds LLC bought a new position in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 736 shares of the company’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of RH by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company’s stock worth $73,876,000 after purchasing an additional 2,865 shares in the last quarter. Two Sigma Advisers LP grew its stake in RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in RH during the 4th quarter valued at about $52,190,000. Xcel Wealth Management LLC grew its stake in RH by 3.3% during the 4th quarter. Xcel Wealth Management LLC now owns 128,619 shares of the company’s stock valued at $50,623,000 after acquiring an additional 4,069 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in RH during the 4th quarter valued at about $35,175,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RH. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and set a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, RH currently has an average rating of “Moderate Buy” and a consensus target price of $423.27.

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is currently owned by insiders.

RH Stock Performance

Shares of RH stock opened at $221.30 on Wednesday. The firm’s 50 day moving average price is $364.18 and its 200-day moving average price is $352.64. RH has a one year low of $212.04 and a one year high of $457.26. The firm has a market cap of $4.12 billion, a P/E ratio of 63.59, a P/E/G ratio of 2.65 and a beta of 2.50.

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.