E Fund Management Co. Ltd. Sells 2,194 Shares of RH (NYSE:RH)

E Fund Management Co. Ltd. lowered its position in shares of RH (NYSE:RH - Free Report) by 73.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 780 shares of the company's stock after selling 2,194 shares during the quarter. E Fund Management Co. Ltd.'s holdings in RH were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RH. Steward Partners Investment Advisory LLC boosted its stake in RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock valued at $216,000 after acquiring an additional 31 shares during the period. Insight Advisors LLC PA lifted its holdings in shares of RH by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock worth $571,000 after purchasing an additional 33 shares during the last quarter. US Bancorp DE boosted its position in RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company's stock valued at $111,000 after purchasing an additional 36 shares during the period. UMB Bank n.a. grew 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 buying an additional 39 shares during the last quarter. Finally, Arizona State Retirement System increased its position in RH by 1.0% in the fourth quarter. Arizona State Retirement System now owns 4,291 shares of the company's stock worth $1,689,000 after buying an additional 42 shares during the period. Institutional investors own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Barclays upgraded RH from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. BNP Paribas restated an "underperform" rating and issued a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and set a $500.00 price target on shares of RH in a research report on Tuesday, February 18th. Finally, Loop Capital raised their price target on RH from $320.00 to $450.00 and gave the company a "hold" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $431.60.

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RH Price Performance

Shares of RH traded up $10.40 during trading hours on Wednesday, hitting $240.97. 1,103,495 shares of the company were exchanged, compared to its average volume of 665,875. The company has a market capitalization of $4.48 billion, a PE ratio of 69.24, a PEG ratio of 2.65 and a beta of 2.50. The firm has a fifty day simple moving average of $381.86 and a 200-day simple moving average of $354.06. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $811.73 million during the quarter, compared to analysts' expectations of $812.19 million. During the same period in the prior year, the business posted ($0.42) EPS. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts expect that RH will post 4.39 EPS for the current year.

Insider Activity

In other news, Director Keith Belling sold 500 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eri Chaya sold 25,000 shares of the firm's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock worth $29,129,879 over the last 90 days. 28.10% of the stock is owned by company insiders.

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.