Miracle Mile Advisors LLC Purchases New Shares in RH (NYSE:RH)

Miracle Mile Advisors LLC bought a new stake in RH (NYSE:RH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 610 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds also recently modified their holdings of RH. Virtu Financial LLC bought a new stake in RH during the third quarter valued at about $4,268,000. Lisanti Capital Growth LLC acquired a new stake in RH in the 3rd quarter valued at approximately $3,251,000. Invst LLC bought a new position in RH in the 3rd quarter worth approximately $752,000. Cerity Partners LLC lifted its holdings in shares of RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company's stock worth $864,000 after buying an additional 1,506 shares during the last quarter. Finally, BlackBarn Capital Partners LP boosted its position in shares of RH by 156.8% in the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company's stock valued at $10,671,000 after acquiring an additional 26,655 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Price Performance

Shares of NYSE RH traded up $13.22 during mid-day trading on Friday, hitting $446.05. The company's stock had a trading volume of 671,521 shares, compared to its average volume of 530,422. RH has a one year low of $212.43 and a one year high of $457.26. The company's fifty day simple moving average is $385.05 and its 200-day simple moving average is $323.73. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 128.17, a price-to-earnings-growth ratio of 9.52 and a beta of 2.43.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $812.19 million. During the same period in the previous year, the business earned ($0.42) EPS. The firm's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 4.35 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on RH. Morgan Stanley raised RH from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $435.00 to $530.00 in a report on Monday. Stifel Nicolaus raised their price target on shares of RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Loop Capital raised their target price on RH from $320.00 to $450.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on shares of RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, RH has a consensus rating of "Hold" and a consensus price target of $421.73.

Insider Transactions at RH

In related news, Director Keith Belling sold 500 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold 36,000 shares of company stock valued at $15,239,375 in the last ninety days. 28.10% of the stock is currently owned by corporate 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.