RH (NYSE:RH) Shares Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP increased its holdings in RH (NYSE:RH) by 147.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,598 shares of the company’s stock after buying an additional 1,546 shares during the quarter. Semanteon Capital Management LP’s holdings in RH were worth $1,023,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted 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 valued at $73,876,000 after purchasing an additional 2,865 shares during the period. Two Sigma Advisers LP grew its holdings in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after acquiring an additional 93,500 shares during the period. Raymond James Financial Inc. purchased a new position in shares of RH during the 4th quarter valued at approximately $52,190,000. Xcel Wealth Management LLC raised its position in shares of RH by 3.3% in the fourth quarter. Xcel Wealth Management LLC now owns 128,619 shares of the company’s stock worth $50,623,000 after acquiring an additional 4,069 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in shares of RH in the 4th quarter valued at about $35,175,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Performance

NYSE:RH opened at $234.56 on Friday. RH has a one year low of $212.04 and a one year high of $457.26. The stock has a market cap of $4.36 billion, a PE ratio of 67.40, a P/E/G ratio of 2.65 and a beta of 2.50. The stock has a 50 day moving average price of $357.19 and a 200 day moving average price of $350.97.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RH. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Loop Capital boosted their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday. Robert W. Baird lifted their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 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 stock. According to data from MarketBeat.com, RH currently has an average rating of “Moderate Buy” and a consensus target price of $423.27.

Insider Activity

In related news, insider Edward T. Lee sold 600 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 in the last 90 days. Company 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.