Empowered Funds LLC Makes New $620,000 Investment in RH (NYSE:RH)

Empowered Funds LLC bought a new stake in shares of RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,574 shares of the company's stock, valued at approximately $620,000.

Other large investors have also recently modified their holdings of the company. CWM LLC grew its position in RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company's stock valued at $157,000 after acquiring an additional 150 shares during the last quarter. Blue Trust Inc. grew its position in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Raymond James & Associates grew its position in RH by 1.7% in the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company's stock valued at $4,375,000 after acquiring an additional 219 shares during the last quarter. Venture Visionary Partners LLC grew its position in RH by 27.8% in the 3rd quarter. Venture Visionary Partners LLC now owns 7,459 shares of the company's stock valued at $2,495,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Xcel Wealth Management LLC grew its position in RH by 1.3% in the 3rd quarter. Xcel Wealth Management LLC now owns 124,550 shares of the company's stock valued at $41,653,000 after acquiring an additional 1,612 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on RH from $420.00 to $500.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Wells Fargo & Company upped their target price on RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Loop Capital upped their target price on RH from $320.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, December 16th. BNP Paribas reiterated an "underperform" rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Finally, Wedbush restated an "outperform" rating and set a $500.00 price objective on shares of RH in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, RH currently has an average rating of "Moderate Buy" and a consensus price target of $431.60.

Insider Activity

In related news, 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 transaction of $10,660,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. 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. Company insiders own 28.10% of the company's stock.

RH Stock Performance

NYSE:RH traded down $25.87 during mid-day trading on Friday, hitting $340.06. 844,483 shares of the company's stock traded hands, compared to its average volume of 542,408. The company has a fifty day moving average of $408.84 and a 200 day moving average of $348.96. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market capitalization of $6.33 billion, a P/E ratio of 97.72, a P/E/G ratio of 2.77 and a beta of 2.42.

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

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.