Swiss National Bank Boosts Holdings in RH (NYSE:RH)

Swiss National Bank grew its holdings in RH (NYSE:RH) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,130 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Swiss National Bank owned 0.16% of RH worth $11,465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in RH in the third quarter worth approximately $311,000. KBC Group NV lifted its stake in RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after acquiring an additional 93 shares during the last quarter. Quest Partners LLC lifted its stake in RH by 57.5% in the third quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after acquiring an additional 328 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in RH in the third quarter worth approximately $201,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 acquiring an additional 38,572 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

RH stock opened at $234.56 on Friday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 67.40, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The company has a fifty day moving average price of $357.19 and a 200 day moving average price of $350.97.

Insiders Place Their Bets

In other news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Finally, Robert W. Baird raised their price objective on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 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. Based on data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and an average target price of $423.27.

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.