Oak Grove Capital LLC Has $669,000 Position in RH (NYSE:RH)

Oak Grove Capital LLC cut its holdings in RH (NYSE:RH) by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,700 shares of the company’s stock after selling 831 shares during the period. Oak Grove Capital LLC’s holdings in RH were worth $669,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares during the period. SWS Partners lifted its stake in shares of RH by 18.3% in the fourth quarter. SWS Partners now owns 9,387 shares of the company’s stock valued at $3,695,000 after buying an additional 1,453 shares during the period. Ring Mountain Capital LLC bought a new stake in shares of RH in the fourth quarter valued at about $731,000. Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 2,865 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on RH shares. Wells Fargo & Company raised their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of RH in a report on Tuesday, February 18th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $431.60.

RH Price Performance

NYSE RH opened at $291.66 on Wednesday. The stock’s 50 day simple moving average is $396.05 and its 200 day simple moving average is $354.44. RH has a one year low of $212.43 and a one year high of $457.26. The firm has a market cap of $5.43 billion, a PE ratio of 83.81, a price-to-earnings-growth ratio of 2.65 and a beta of 2.42.

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

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by corporate insiders.

RH 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.