Gateway Investment Advisers LLC Takes $3.57 Million Position in RH (NYSE:RH)

Gateway Investment Advisers LLC acquired a new position in RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,070 shares of the company's stock, valued at approximately $3,570,000.

Several other institutional investors have also recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of RH in the 4th quarter worth approximately $294,000. Miracle Mile Advisors LLC purchased a new stake in RH in the 4th quarter worth approximately $240,000. Grassi Investment Management purchased a new stake in RH in the 4th quarter worth approximately $236,000. GAMMA Investing LLC increased its holdings in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 90.17% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $500.00 target price on shares of RH in a report on Monday, January 6th. StockNews.com lowered shares of RH from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. Barclays raised shares of RH from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Morgan Stanley raised shares of RH from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Robert W. Baird increased their price objective on shares of RH from $300.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, RH presently has a consensus rating of "Hold" and an average target price of $421.73.

RH Stock Up 3.1 %

RH traded up $13.22 during trading on Friday, reaching $446.05. The company had a trading volume of 671,573 shares, compared to its average volume of 594,532. The stock has a market cap of $8.30 billion, a P/E ratio of 128.17, a PEG ratio of 9.52 and a beta of 2.43. The business has a 50 day simple moving average of $387.30 and a 200-day simple moving average of $325.17. RH has a 52 week low of $212.43 and a 52 week 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 (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) earnings per share. As a group, equities research analysts expect that RH will post 4.35 EPS for the current fiscal year.

Insider Transactions at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $2,076,714.50. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,000 shares of company stock worth $15,239,375. 28.10% of the stock is currently 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.