Summit Trail Advisors LLC Purchases New Stake in RH (NYSE:RH)

Summit Trail Advisors LLC acquired a new position in shares of 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 (SEC). The fund acquired 743 shares of the company's stock, valued at approximately $292,000.

Several other institutional investors also recently modified their holdings of RH. Two Sigma Advisers LP boosted its stake in shares of RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company's stock valued at $53,375,000 after purchasing an additional 93,500 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in RH during the fourth quarter valued at about $31,384,000. WCM Investment Management LLC bought a new position in shares of RH during the fourth quarter valued at about $18,006,000. Charles Schwab Investment Management Inc. increased its holdings in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company's stock worth $61,814,000 after buying an additional 38,572 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company's stock valued at $82,206,000 after acquiring an additional 18,563 shares during the period. 90.17% of the stock is currently owned by institutional investors.

RH Trading Up 0.4 %

Shares of NYSE RH traded up $1.70 during midday trading on Friday, reaching $382.05. The company had a trading volume of 411,877 shares, compared to its average volume of 542,519. The stock has a market cap of $7.11 billion, a P/E ratio of 109.78, a P/E/G ratio of 3.02 and a beta of 2.42. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The business's 50-day simple moving average is $409.78 and its 200 day simple moving average is $346.95.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to analysts' expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.42) earnings per share. Analysts predict that RH will post 4.37 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on RH shares. StockNews.com lowered shares of RH from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. Barclays upgraded shares of RH from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Guggenheim boosted their price target on RH from $425.00 to $550.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Telsey Advisory Group raised shares of RH from a "market perform" rating to an "outperform" rating and raised their price target for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. Finally, Loop Capital upped their price objective on RH from $320.00 to $450.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $431.60.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares of the company's stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is owned by insiders.

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.