Xcel Wealth Management LLC Purchases 6,165 Shares of RH (NYSE:RH)

Xcel Wealth Management LLC grew its position in RH (NYSE:RH - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,373 shares of the company's stock after purchasing an additional 6,165 shares during the quarter. RH makes up 9.7% of Xcel Wealth Management LLC's investment portfolio, making the stock its largest position. Xcel Wealth Management LLC owned approximately 0.52% of RH worth $27,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. KB Financial Partners LLC grew its position in shares of RH by 61.6% in the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company's stock valued at $38,000 after buying an additional 45 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of RH in the 3rd quarter valued at $30,000. Global Retirement Partners LLC grew its position in shares of RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company's stock valued at $41,000 after buying an additional 77 shares during the last quarter. Core Wealth Advisors Inc. purchased a new position in shares of RH in the 3rd quarter valued at $51,000. Finally, Solstein Capital LLC purchased a new position in shares of RH in the 3rd quarter valued at $53,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on RH. JPMorgan Chase & Co. increased their target price on shares of RH from $329.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. The Goldman Sachs Group raised their price objective on shares of RH from $201.00 to $264.00 and gave the stock a "sell" rating in a research report on Monday, April 1st. Telsey Advisory Group reissued a "market perform" rating and set a $335.00 price objective (up from $285.00) on shares of RH in a research report on Tuesday, March 26th. Oppenheimer reissued a "market perform" rating on shares of RH in a research report on Monday, April 1st. Finally, Robert W. Baird raised their price objective on shares of RH from $280.00 to $300.00 and gave the stock a "neutral" rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $332.15.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the sale, the director now directly owns 12,991 shares in the company, valued at $4,004,086.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now owns 11,991 shares of the company's stock, valued at $3,465,279.09. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by company insiders.

RH Trading Down 4.4 %

Shares of NYSE:RH traded down $11.74 during midday trading on Friday, hitting $255.35. The stock had a trading volume of 894,929 shares, compared to its average volume of 692,250. The company has a market capitalization of $4.68 billion, a PE ratio of 45.49, a P/E/G ratio of 2.87 and a beta of 2.46. The stock has a 50 day moving average price of $279.41 and a two-hundred day moving average price of $267.84. RH has a 1 year low of $207.26 and a 1 year high of $406.38.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The company had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same quarter last year, the business earned $2.88 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts expect that RH will post 9.08 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.

Want to see what other hedge funds are holding RH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RH (NYSE:RH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.