Insight Advisors LLC PA Has $571,000 Stake in RH (NYSE:RH)

Insight Advisors LLC PA boosted its holdings in shares of RH (NYSE:RH) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,449 shares of the company’s stock after acquiring an additional 33 shares during the period. Insight Advisors LLC PA’s holdings in RH were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in shares of RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after buying an additional 35 shares during the period. UMB Bank n.a. increased its stake in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of RH by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock valued at $534,000 after buying an additional 52 shares during the period. Retirement Systems of Alabama increased its stake in shares of RH by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 18,204 shares of the company’s stock valued at $7,165,000 after buying an additional 55 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock worth $579,000 after purchasing an additional 60 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Up 2.1 %

NYSE:RH opened at $414.78 on Thursday. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The firm has a fifty day simple moving average of $407.56 and a 200 day simple moving average of $340.09. The stock has a market capitalization of $7.71 billion, a PE ratio of 119.19, a P/E/G ratio of 9.60 and a beta of 2.42.

RH (NYSE:RH) last released its quarterly earnings data 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 negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the firm earned ($0.42) earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts predict that RH will post 4.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays raised RH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and raised their target price for the stock from $261.00 to $374.00 in a report on Thursday, January 30th. Loop Capital raised their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Morgan Stanley upgraded shares of 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 report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, RH has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insiders Place Their Bets

In other news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 over the last ninety days. 28.10% of the stock is currently 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.