RH (NYSE:RH) Shares Purchased by Keystone Financial Group

Keystone Financial Group boosted its holdings in shares of RH (NYSE:RH - Free Report) by 302.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,966 shares of the company's stock after purchasing an additional 5,237 shares during the quarter. Keystone Financial Group's holdings in RH were worth $2,640,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in RH by 0.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock valued at $1,524,000 after purchasing an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of 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 buying an additional 31 shares during the last quarter. Insight Advisors LLC PA lifted its stake in shares of RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock worth $571,000 after buying an additional 33 shares in the last quarter. US Bancorp DE grew its stake 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 acquiring an additional 36 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in RH by 125.8% in 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. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 28.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on RH. The Goldman Sachs Group set a $276.00 price target on RH in a report on Thursday, April 3rd. Bank of America cut RH from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $410.00 to $130.00 in a report on Thursday, April 3rd. Wells Fargo & Company cut their target price on RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley lowered their target price on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Loop Capital decreased their price objective on shares of RH from $450.00 to $190.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, RH presently has a consensus rating of "Hold" and an average target price of $278.44.

RH Stock Up 4.3 %

RH stock traded up $6.57 during mid-day trading on Friday, hitting $160.42. The company had a trading volume of 1,211,311 shares, compared to its average volume of 917,356. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 2.65 and a beta of 2.44. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business has a fifty day moving average of $257.52 and a 200 day moving average of $334.90.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the firm earned $0.72 EPS. The company's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts anticipate that RH will post 4.39 earnings per share for the current 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.