Alberta Investment Management Corp Buys Shares of 9,846 RH (NYSE:RH)

Alberta Investment Management Corp purchased a new stake in RH (NYSE:RH) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,846 shares of the company’s stock, valued at approximately $3,875,000. Alberta Investment Management Corp owned 0.05% of RH at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RH. Two Sigma Advisers LP boosted its stake in RH by 141.5% in the third 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. Artemis Investment Management LLP purchased a new stake in shares of RH during the 4th quarter valued at $31,384,000. WCM Investment Management LLC acquired a new stake in shares of RH in the 4th quarter worth $18,006,000. Charles Schwab Investment Management Inc. grew its stake in RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after buying an additional 38,572 shares during the last quarter. Finally, Portolan Capital Management LLC acquired a new position in RH during the 3rd quarter valued at about $5,177,000. 90.17% of the stock is owned by institutional investors.

RH Stock Performance

NYSE RH opened at $365.46 on Friday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 105.02, a PEG ratio of 2.82 and a beta of 2.42. The stock has a 50-day simple moving average of $408.84 and a two-hundred day simple moving average of $348.96. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

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

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 600 shares of RH stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,880 shares of company stock valued at $29,129,879. Corporate insiders own 28.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RH. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and upped their price target for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Stifel Nicolaus lifted their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Barclays raised RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

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.