Charles Schwab Investment Management Inc. Increases Position in RH (NYSE:RH)

Charles Schwab Investment Management Inc. raised its stake in shares of RH (NYSE:RH - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 135,789 shares of the company's stock after buying an additional 7,334 shares during the period. Charles Schwab Investment Management Inc. owned about 0.74% of RH worth $39,580,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RH. New York Life Investment Management LLC boosted its holdings in RH by 4.1% in the 4th quarter. New York Life Investment Management LLC now owns 1,703 shares of the company's stock worth $496,000 after buying an additional 67 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in 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 buying an additional 77 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in RH by 1.0% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,706 shares of the company's stock worth $2,246,000 after buying an additional 78 shares during the last quarter. Amalgamated Bank boosted its holdings in RH by 0.8% in the 4th quarter. Amalgamated Bank now owns 11,459 shares of the company's stock worth $3,340,000 after buying an additional 95 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in RH in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analysts Set New Price Targets

RH has been the topic of several recent research reports. Loop Capital boosted their target price on RH from $260.00 to $350.00 and gave the stock a "hold" rating in a report on Monday, April 1st. The Goldman Sachs Group lifted their price target on shares of RH from $201.00 to $264.00 and gave the company a "sell" rating in a research report on Monday, April 1st. JPMorgan Chase & Co. lifted their price target 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. Wedbush reaffirmed a "neutral" rating and set a $320.00 price target on shares of RH in a research report on Monday. Finally, Barclays lifted their price target on shares of RH from $293.00 to $340.00 and gave the company an "equal weight" rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $332.15.

Insider Activity

In related news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RH news, insider Eri Chaya sold 100,000 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total value of $27,992,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark S. Demilio sold 1,000 shares of the business's stock in a transaction 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 transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Insiders sold 103,000 shares of company stock valued at $28,897,430 in the last ninety days. Company insiders own 23.90% of the company's stock.

RH Price Performance

RH stock traded up $1.52 during mid-day trading on Monday, reaching $279.93. The company had a trading volume of 480,306 shares, compared to its average volume of 668,557. RH has a 1 year low of $207.26 and a 1 year high of $406.38. The company has a market capitalization of $5.13 billion, a P/E ratio of 50.18, a P/E/G ratio of 3.10 and a beta of 2.54. The stock's 50-day simple moving average is $278.92 and its 200-day simple moving average is $271.39.

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 the consensus estimate of $1.71 by ($0.99). The firm had revenue of $738.26 million during the quarter, compared to analysts' expectations of $777.50 million. RH had a negative return on equity of 777.61% and a net margin of 4.21%. The firm's revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 earnings per share. On average, equities analysts forecast that RH will post 8.99 EPS for the current fiscal year.

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.