AGF Management Ltd. Sells 12,817 Shares of RH (NYSE:RH)

AGF Management Ltd. reduced its holdings in shares of RH (NYSE:RH) by 30.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,183 shares of the company’s stock after selling 12,817 shares during the quarter. AGF Management Ltd.’s holdings in RH were worth $11,486,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in shares of RH during the 4th quarter valued at $35,175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of RH by 12.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,883 shares of the company’s stock valued at $1,528,000 after buying an additional 426 shares during the period. OFI Invest Asset Management acquired a new stake in shares of RH in the fourth quarter valued at about $567,000. Amundi boosted its position in shares of RH by 17,875.9% during the 4th quarter. Amundi now owns 14,920 shares of the company’s stock valued at $6,091,000 after purchasing an additional 14,837 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after acquiring an additional 29 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on RH. BNP Paribas reissued an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Guggenheim raised their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Loop Capital raised their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. StockNews.com raised RH from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, RH currently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Stock Performance

Shares of RH stock opened at $230.68 on Wednesday. RH has a one year low of $212.43 and a one year high of $457.26. The stock’s fifty day moving average is $381.86 and its 200 day moving average is $354.06. The stock has a market cap of $4.29 billion, a P/E ratio of 66.29, a P/E/G ratio of 2.65 and a beta of 2.50.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS 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 company had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the prior year, the business posted ($0.42) EPS. The company’s revenue was up 8.1% on a year-over-year basis. Analysts predict that RH will post 4.39 EPS for the current year.

Insider Buying and Selling at RH

In other news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on Friday, January 17th. The shares were 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 owns 484 shares of the company’s stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock worth $29,129,879 over the last 90 days. Company insiders own 28.10% of the company’s stock.

RH Company 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.