RH (NYSE:RH) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in RH (NYSE:RH) by 46.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,096 shares of the company’s stock after selling 3,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in RH were worth $1,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. Versant Capital Management Inc lifted its position in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC lifted its position in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. lifted its position in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of RH during the 4th quarter valued at $68,000. 90.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on RH. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. BNP Paribas restated an “underperform” rating and set a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Stifel Nicolaus boosted their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, RH presently has an average rating of “Moderate Buy” and an average price target of $431.60.

Insiders Place Their Bets

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by company insiders.

RH Price Performance

Shares of NYSE:RH opened at $348.73 on Wednesday. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 100.21, a PEG ratio of 2.65 and a beta of 2.42. The firm has a 50 day simple moving average of $405.37 and a 200 day simple moving average of $351.63. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share 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 firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the company earned ($0.42) earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts expect that RH will post 4.39 EPS for the current year.

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.