Fortis Group Advisors LLC Invests $1.91 Million in RH (NYSE:RH)

Fortis Group Advisors LLC acquired a new stake in RH (NYSE:RH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,844 shares of the company's stock, valued at approximately $1,907,000.

A number of other large investors have also recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of RH during the third quarter valued at about $4,268,000. Lisanti Capital Growth LLC purchased a new stake in shares of RH during the third quarter valued at approximately $3,251,000. Invst LLC bought a new stake in RH during the third quarter worth $752,000. Cerity Partners LLC boosted its position in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company's stock worth $864,000 after purchasing an additional 1,506 shares during the last quarter. Finally, L.M. Kohn & Company bought a new position in RH in the 4th quarter valued at $289,000. 90.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on RH. Stifel Nicolaus lifted their target price on RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Guggenheim raised their price objective on shares of RH from $425.00 to $550.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Robert W. Baird boosted their target price on shares of RH from $300.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Wells Fargo & Company raised their price target on shares of RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $500.00 price target on shares of RH in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, RH currently has an average rating of "Moderate Buy" and an average price target of $431.60.

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward T. Lee sold 600 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were 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. Insiders have sold 66,880 shares of company stock worth $29,129,879 in the last three months. 28.10% of the stock is currently owned by corporate insiders.

RH Stock Down 7.1 %

Shares of NYSE:RH traded down $25.87 during midday trading on Friday, reaching $340.06. 844,532 shares of the company traded hands, compared to its average volume of 542,408. The firm's fifty day moving average price is $408.84 and its two-hundred day moving average price is $348.96. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 97.72, a price-to-earnings-growth ratio of 2.77 and a beta of 2.42. RH has a 12 month low of $212.43 and a 12 month high of $457.26.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) 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 firm had revenue of $811.73 million during the quarter, compared to analysts' expectations of $812.19 million. During the same period in the previous year, the company posted ($0.42) earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Analysts forecast that RH will post 4.39 earnings per share for the current year.

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.