Investment House LLC Acquires 13,267 Shares of RH (NYSE:RH)

Investment House LLC raised its stake in RH (NYSE:RH - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,220 shares of the company's stock after buying an additional 13,267 shares during the period. Investment House LLC owned about 0.18% of RH worth $9,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew its holdings in RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company's stock worth $566,636,000 after acquiring an additional 221,858 shares in the last quarter. Atreides Management LP lifted its stake in shares of RH by 0.3% during the 3rd quarter. Atreides Management LP now owns 1,059,872 shares of the company's stock worth $280,188,000 after purchasing an additional 3,375 shares during the last quarter. Senvest Management LLC boosted its position in RH by 19.2% during the third quarter. Senvest Management LLC now owns 237,062 shares of the company's stock valued at $62,670,000 after purchasing an additional 38,249 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of RH in the 3rd quarter valued at about $31,828,000. Finally, Xcel Wealth Management LLC grew its position in RH by 6.9% during the 4th quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company's stock worth $27,799,000 after purchasing an additional 6,165 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on RH shares. Telsey Advisory Group restated a "market perform" rating and set a $335.00 price target (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. Barclays upped their target price on RH from $293.00 to $340.00 and gave the stock an "equal weight" rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their price target on shares of RH from $350.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. lifted 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. Finally, The Goldman Sachs Group upped their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $332.15.

RH Stock Performance

Shares of RH stock traded up $6.87 during mid-day trading on Monday, hitting $255.78. 712,228 shares of the stock were exchanged, compared to its average volume of 685,767. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 45.92, a P/E/G ratio of 2.74 and a beta of 2.46. The stock's fifty day simple moving average is $275.85 and its two-hundred day simple moving average is $267.13.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 earnings per share 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 firm had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same period in the previous year, the company posted $2.88 earnings per share. RH's revenue was down 4.4% compared to the same quarter last year. On average, research analysts expect that RH will post 9.08 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of the firm's 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 sale, the director now directly owns 11,991 shares of the company's stock, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the sale, the director now owns 12,991 shares in the company, valued at approximately $4,004,086.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 1,000 shares of the company's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value 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 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.