Narwhal Capital Management Reduces Stock Holdings in RH (NYSE:RH)

Narwhal Capital Management reduced its position in RH (NYSE:RH) by 40.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,189 shares of the company’s stock after selling 4,811 shares during the quarter. Narwhal Capital Management’s holdings in RH were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in RH by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after acquiring an additional 18,563 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of 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 purchasing an additional 93,500 shares during the period. Xcel Wealth Management LLC lifted its stake in shares of RH by 1.3% during the 3rd quarter. Xcel Wealth Management LLC now owns 124,550 shares of the company’s stock valued at $41,653,000 after buying an additional 1,612 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new position in RH in the 4th quarter worth approximately $31,384,000. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RH. Stifel Nicolaus boosted their target price on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of RH in a research note on Monday, January 6th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Wells Fargo & Company upped their price target on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Loop Capital raised their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $421.73.

RH Stock Performance

Shares of NYSE:RH opened at $417.62 on Monday. The firm has a fifty day moving average of $398.66 and a 200 day moving average of $333.28. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The firm has a market capitalization of $7.77 billion, a PE ratio of 120.01, a price-to-earnings-growth ratio of 10.14 and a beta of 2.43.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.42) earnings per share. On average, sell-side analysts forecast that RH will post 4.37 EPS for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock worth $29,129,879 over the last ninety days. Insiders own 28.10% of the company’s stock.

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.