Corebridge Financial Inc. Sells 727 Shares of RH (NYSE:RH)

Corebridge Financial Inc. reduced its holdings in RH (NYSE:RH) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,974 shares of the company’s stock after selling 727 shares during the period. Corebridge Financial Inc. owned approximately 0.09% of RH worth $6,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in RH during the third quarter worth approximately $4,268,000. Invst LLC bought a new position in shares of RH during the 3rd quarter valued at approximately $752,000. Cerity Partners LLC increased its position in shares of RH by 139.7% during the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the last quarter. Victory Capital Management Inc. raised its holdings in RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after buying an additional 445 shares during the period. Finally, L.M. Kohn & Company bought a new stake in RH in the fourth quarter worth $289,000. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RH shares. Telsey Advisory Group reduced their target price on shares of RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and upped their price target for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on shares of RH from $500.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Wedbush cut their target price on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $403.25.

Insider Buying and Selling

In related news, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock worth $28,922,379 in the last 90 days. 28.10% of the stock is owned by corporate insiders.

RH Stock Performance

Shares of RH stock opened at $236.26 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of 67.89, a P/E/G ratio of 2.65 and a beta of 2.50. The company has a 50-day simple moving average of $335.63 and a two-hundred day simple moving average of $350.88. RH has a one year low of $212.04 and a one year high of $457.26.

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.