Locust Wood Capital Advisers LLC Decreases Holdings in RH (NYSE:RH)

Locust Wood Capital Advisers LLC decreased its position in shares of RH (NYSE:RH - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,962 shares of the company's stock after selling 70,354 shares during the quarter. RH accounts for 0.6% of Locust Wood Capital Advisers LLC's portfolio, making the stock its 27th largest position. Locust Wood Capital Advisers LLC owned about 0.24% of RH worth $17,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RH. Alliancebernstein L.P. boosted its stake in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after purchasing an additional 346,050 shares during the last quarter. Norges Bank purchased a new stake in shares of RH during the fourth quarter valued at $54,314,000. Raymond James Financial Inc. purchased a new stake in shares of RH during the fourth quarter valued at $52,190,000. American Century Companies Inc. increased its holdings in RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after buying an additional 101,160 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in RH in the 4th quarter worth about $35,175,000. Institutional investors own 90.17% of the company's stock.

Insider Activity

In other RH news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on 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 owns 484 shares of the company's stock, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,880 shares of company stock worth $13,890,504 over the last quarter. Insiders own 28.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group set a $276.00 price target on shares of RH in a research note on Thursday, April 3rd. Wells Fargo & Company cut their target price on shares of RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Barclays decreased their target price on shares of RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Wedbush dropped their price target on RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. Finally, Robert W. Baird reduced their price objective on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, RH currently has a consensus rating of "Hold" and an average price target of $278.44.

RH Stock Performance

Shares of NYSE RH traded down $0.87 during midday trading on Tuesday, reaching $162.91. The stock had a trading volume of 516,699 shares, compared to its average volume of 912,210. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a 50-day moving average of $272.33 and a 200-day moving average of $338.60. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 46.81, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

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