743 Shares in RH (NYSE:RH) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in shares of RH (NYSE:RH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 743 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds also recently modified their holdings of the business. CWM LLC increased its holdings in shares of RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. grew its position in RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Raymond James & Associates increased its stake in RH by 1.7% in the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock valued at $4,375,000 after buying an additional 219 shares during the period. Allspring Global Investments Holdings LLC lifted its position in RH by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after buying an additional 18,563 shares in the last quarter. Finally, Venture Visionary Partners LLC boosted its stake in shares of RH by 27.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 7,459 shares of the company’s stock valued at $2,495,000 after buying an additional 1,622 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RH. Wells Fargo & Company upped their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and raised their price target for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $435.00 to $530.00 in a report on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of RH in a report on Monday, January 27th. Finally, Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Price Performance

RH stock opened at $374.47 on Thursday. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The firm has a fifty day moving average price of $409.51 and a two-hundred day moving average price of $345.04. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 107.61, a P/E/G ratio of 3.02 and a beta of 2.42.

RH (NYSE:RH) last posted its quarterly earnings data 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). The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.42) EPS. As a group, sell-side analysts expect that RH will post 4.37 earnings per share for the current year.

Insider Activity

In related news, Director Keith Belling sold 500 shares of the business’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 transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 value of $10,660,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is owned by company insiders.

About RH

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.