Vision Financial Markets LLC Invests $506,000 in RH (NYSE:RH)

Vision Financial Markets LLC purchased a new position in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,285 shares of the company’s stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of RH by 1.0% during the 4th quarter. Arizona State Retirement System now owns 4,291 shares of the company’s stock worth $1,689,000 after acquiring an additional 42 shares during the period. Aigen Investment Management LP lifted its holdings in shares of RH by 70.7% during the 4th quarter. Aigen Investment Management LP now owns 5,301 shares of the company’s stock worth $2,086,000 after acquiring an additional 2,195 shares during the period. Proficio Capital Partners LLC bought a new position in RH in the 4th quarter valued at approximately $19,674,000. Victory Capital Management Inc. lifted its stake 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 last quarter. Finally, SWS Partners lifted its stake in RH by 18.3% in the 4th quarter. SWS Partners now owns 9,387 shares of the company’s stock valued at $3,695,000 after purchasing an additional 1,453 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Loop Capital increased their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Robert W. Baird increased their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Guggenheim increased their price objective on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price objective on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Barclays upgraded shares of 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 report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Down 0.9 %

RH opened at $289.43 on Thursday. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a fifty day moving average of $393.57 and a 200-day moving average of $353.99. The stock has a market cap of $5.38 billion, a PE ratio of 83.17, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

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). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the company earned ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Insider Activity at RH

In other RH news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 over the last ninety days. Corporate insiders own 28.10% of the company’s stock.

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.