Del Sette Capital Management LLC Invests $2.19 Million in RH (NYSE:RH)

Del Sette Capital Management LLC bought a new position in RH (NYSE:RH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,561 shares of the company's stock, valued at approximately $2,189,000. RH comprises about 1.8% of Del Sette Capital Management LLC's investment portfolio, making the stock its 18th largest position.

A number of other institutional investors have also modified their holdings of RH. UMB Bank n.a. raised its position in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC lifted its position in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after buying an additional 64 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in RH during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Analyst Ratings Changes

RH has been the subject of a number of research reports. StockNews.com downgraded RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. UBS Group lowered their price objective on RH from $440.00 to $250.00 and set a "neutral" rating for the company in a research note on Friday. Citigroup lowered their price target on shares of RH from $556.00 to $437.00 and set a "buy" rating for the company in a research report on Monday. Loop Capital increased their price objective on shares of RH from $320.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, December 16th. Finally, Wedbush reissued an "outperform" rating and set a $500.00 target price on shares of RH in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, RH has an average rating of "Moderate Buy" and a consensus target price of $412.56.

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Insider Activity

In other RH news, Director Keith Belling sold 500 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company's stock, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. In the last 90 days, insiders sold 66,380 shares of company stock worth $28,922,379. Insiders own 28.10% of the company's stock.

RH Trading Down 2.0 %

RH stock traded down $5.19 on Tuesday, hitting $252.65. 831,014 shares of the company's stock traded hands, compared to its average volume of 741,855. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 72.60, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 1-year low of $212.04 and a 1-year high of $457.26. The stock has a fifty day moving average of $350.53 and a 200-day moving average of $352.39.

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.