Alberta Investment Management Corp Takes Position in RH (NYSE:RH)

Alberta Investment Management Corp purchased a new stake in RH (NYSE:RH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,846 shares of the company's stock, valued at approximately $3,875,000. Alberta Investment Management Corp owned 0.05% of RH at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position 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. UMB Bank n.a. increased its stake in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its stake in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. raised its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company's stock worth $33,000 after buying an additional 74 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in RH in the fourth quarter valued at approximately $68,000. Institutional investors own 90.17% of the company's stock.

Insider Activity

In other news, insider Eri Chaya sold 25,000 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Belling sold 500 shares of RH stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 over the last three months. Insiders own 28.10% of the company's stock.

RH Price Performance

RH stock traded down $25.87 during trading hours on Friday, reaching $340.06. The stock had a trading volume of 844,532 shares, compared to its average volume of 542,408. The stock has a 50-day simple moving average of $408.84 and a 200 day simple moving average of $348.96. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The stock has a market capitalization of $6.33 billion, a PE ratio of 97.72, a price-to-earnings-growth ratio of 2.77 and a beta of 2.42.

RH (NYSE:RH - Get Free Report) last issued its earnings results 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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter last year, the business posted ($0.42) earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. BNP Paribas reiterated an "underperform" rating and set a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Wedbush restated an "outperform" rating and issued a $500.00 price target on shares of RH in a report on Tuesday. Barclays raised RH from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Finally, Robert W. Baird upped their price target on RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $431.60.

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.