L.M. Kohn & Company Invests $289,000 in RH (NYSE:RH)

L.M. Kohn & Company bought a new position in RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 734 shares of the company's stock, valued at approximately $289,000.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company's stock worth $82,206,000 after buying an additional 18,563 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in RH by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company's stock worth $61,814,000 after buying an additional 38,572 shares in the last quarter. Two Sigma Advisers LP lifted its position in RH by 141.5% during the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company's stock worth $53,375,000 after buying an additional 93,500 shares in the last quarter. Xcel Wealth Management LLC lifted its position in RH by 1.3% during the 3rd quarter. Xcel Wealth Management LLC now owns 124,550 shares of the company's stock worth $41,653,000 after buying an additional 1,612 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in RH during the 4th quarter worth about $31,384,000. Institutional investors own 90.17% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

A number of research firms have issued reports on RH. Wedbush restated an "outperform" rating and set a $500.00 target price on shares of RH in a research report on Tuesday. BNP Paribas restated an "underperform" rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Loop Capital upped their target price on shares of RH from $320.00 to $450.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Morgan Stanley upgraded shares of RH from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Finally, Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $431.60.

RH Stock Performance

NYSE RH traded down $5.39 during trading hours on Wednesday, reaching $382.86. 220,737 shares of the company's stock were exchanged, compared to its average volume of 521,053. The company's 50-day moving average is $409.49 and its two-hundred day moving average is $347.70. RH has a one year low of $212.43 and a one year high of $457.26. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 110.04, a price-to-earnings-growth ratio of 2.78 and a beta of 2.42.

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 the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for 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%. RH's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.42) earnings per share. Research analysts predict that RH will post 4.37 earnings per share for the current fiscal 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.