RH (NYSE:RH) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of RH (NYSE:RH) by 2,227.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,701 shares of the company’s stock after purchasing an additional 101,160 shares during the period. American Century Companies Inc. owned about 0.57% of RH worth $41,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares in the last quarter. Cerity Partners LLC boosted its stake in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares during the period. Centaurus Financial Inc. purchased a new position in RH during the 3rd quarter worth approximately $100,000. Point72 Hong Kong Ltd acquired a new stake in RH during the 3rd quarter valued at $595,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of RH by 2,691.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,284 shares of the company’s stock valued at $430,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analysts Set New Price Targets

RH has been the topic of several recent analyst reports. Telsey Advisory Group dropped their price target on RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $435.00 to $530.00 in a report on Monday, January 13th. Wedbush decreased their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird upped 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. Finally, Loop Capital lifted their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, RH presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.25.

RH Price Performance

NYSE RH opened at $244.33 on Friday. RH has a fifty-two week low of $212.04 and a fifty-two week high of $457.26. The stock’s 50-day moving average is $339.83 and its two-hundred day moving average is $350.92. The firm has a market cap of $4.55 billion, a P/E ratio of 70.21, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

Insider Activity at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction 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 firm’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 directly owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,380 shares of company stock valued at $28,922,379. Corporate insiders own 28.10% of the company’s stock.

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.