Quantbot Technologies LP Takes $2.86 Million Position in RH (NYSE:RH)

Quantbot Technologies LP acquired a new position in shares of RH (NYSE:RH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,261 shares of the company's stock, valued at approximately $2,858,000.

Other hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in RH during the 3rd quarter worth approximately $311,000. Quest Partners LLC boosted its stake in RH by 57.5% in the third quarter. Quest Partners LLC now owns 898 shares of the company's stock worth $300,000 after purchasing an additional 328 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of RH during the third quarter worth $201,000. Charles Schwab Investment Management Inc. increased its stake in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company's stock valued at $61,814,000 after buying an additional 38,572 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company's stock valued at $864,000 after buying an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Trading Down 1.5 %

Shares of NYSE RH traded down $3.86 during mid-day trading on Tuesday, reaching $253.98. 531,871 shares of the company's stock were exchanged, compared to its average volume of 768,482. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 72.98, a PEG ratio of 2.65 and a beta of 2.50. The business has a fifty day simple moving average of $350.53 and a 200 day simple moving average of $352.39.

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Insider Activity

In related 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 approximately $216,444.80. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,380 shares of company stock worth $28,922,379 over the last three months. Corporate insiders own 28.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RH. Stifel Nicolaus raised their price objective on shares of RH from $420.00 to $500.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a "hold" rating in a report on Monday, December 16th. Wells Fargo & Company reduced their price objective on RH from $500.00 to $375.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Guggenheim lifted their target price on RH from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Finally, Morgan Stanley upgraded RH from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $412.56.

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.