RH (NYSE:RH) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP grew its holdings in RH (NYSE:RH) by 70.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,301 shares of the company’s stock after purchasing an additional 2,195 shares during the quarter. Aigen Investment Management LP’s holdings in RH were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of RH during the fourth quarter worth approximately $19,674,000. Victory Capital Management Inc. lifted its holdings in shares of RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after purchasing an additional 445 shares during the last quarter. SWS Partners boosted its position in shares of RH by 18.3% in the 4th quarter. SWS Partners now owns 9,387 shares of the company’s stock valued at $3,695,000 after purchasing an additional 1,453 shares during the period. Ring Mountain Capital LLC purchased a new position in RH during the 4th quarter worth approximately $731,000. Finally, Charles Schwab Investment Management Inc. increased its position in RH by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company’s stock worth $73,876,000 after buying an additional 2,865 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

NYSE RH opened at $291.66 on Wednesday. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The company has a 50-day moving average of $396.05 and a 200-day moving average of $354.44. The company has a market cap of $5.43 billion, a P/E ratio of 83.81, a P/E/G ratio of 2.65 and a beta of 2.42.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) earnings per share. As a group, equities research analysts anticipate that RH will post 4.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on RH. Robert W. Baird lifted their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and boosted their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and increased their target price for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

Insiders Place Their Bets

In related news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares in the company, 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 can be accessed through this link. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock worth $29,129,879 over the last quarter. 28.10% of the stock is owned by corporate insiders.

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.