International Assets Investment Management LLC Has $5.27 Million Stock Position in RH (NYSE:RH)

International Assets Investment Management LLC boosted its holdings in RH (NYSE:RH - Free Report) by 21,939.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,072 shares of the company's stock after acquiring an additional 17,990 shares during the period. International Assets Investment Management LLC owned 0.10% of RH worth $5,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RH. Global Retirement Partners LLC lifted its holdings in shares of RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company's stock worth $41,000 after acquiring an additional 77 shares during the last quarter. Core Wealth Advisors Inc. purchased a new position in shares of RH during the third quarter worth $51,000. C M Bidwell & Associates Ltd. purchased a new stake in RH during the third quarter worth about $96,000. CI Investments Inc. lifted its position in shares of RH by 1,696.2% during the third quarter. CI Investments Inc. now owns 467 shares of the company's stock worth $123,000 after purchasing an additional 441 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of RH by 70.2% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 485 shares of the company's stock valued at $126,000 after purchasing an additional 200 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on RH from $329.00 to $345.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Wells Fargo & Company upped their target price on shares of RH from $350.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. The Goldman Sachs Group lifted their price target on shares of RH from $201.00 to $264.00 and gave the stock a "sell" rating in a research note on Monday, April 1st. Wedbush raised their price objective on RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a report on Thursday, March 28th. Finally, Oppenheimer reiterated a "market perform" rating on shares of RH in a research report on Monday, April 1st. Two 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $332.15.

RH Price Performance

Shares of RH stock traded up $0.32 during trading hours on Wednesday, reaching $278.76. 492,331 shares of the company's stock were exchanged, compared to its average volume of 678,940. The company's 50 day moving average is $276.31 and its two-hundred day moving average is $268.02. The company has a market cap of $5.11 billion, a P/E ratio of 50.04, a price-to-earnings-growth ratio of 3.03 and a beta of 2.54. RH has a 1 year low of $207.26 and a 1 year high of $406.38.

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

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now directly owns 11,991 shares of the company's stock, valued at $3,465,279.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,000 shares of company stock valued at $28,897,430. Insiders own 23.90% 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.