Raymond James Financial Inc. Purchases New Stake in RH (NYSE:RH)

Raymond James Financial Inc. purchased a new stake in RH (NYSE:RH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 132,600 shares of the company's stock, valued at approximately $52,190,000. Raymond James Financial Inc. owned approximately 0.71% of RH as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RH. Crossmark Global Holdings Inc. raised its stake in RH by 16.4% in the third quarter. Crossmark Global Holdings Inc. now owns 1,138 shares of the company's stock valued at $380,000 after purchasing an additional 160 shares in the last quarter. Entropy Technologies LP acquired a new position in RH during the third quarter worth about $870,000. GSA Capital Partners LLP acquired a new position in RH during the third quarter worth about $311,000. Aigen Investment Management LP acquired a new position in RH during the third quarter worth about $1,039,000. Finally, Parametrica Management Ltd acquired a new position in RH during the third quarter worth about $216,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Price Performance

Shares of RH stock opened at $230.68 on Wednesday. The business's 50 day simple moving average is $381.86 and its 200 day simple moving average is $354.06. RH has a one year low of $212.43 and a one year high of $457.26. The stock has a market capitalization of $4.29 billion, a PE ratio of 66.29, a PEG ratio of 2.65 and a beta of 2.50.

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RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the previous year, the company earned ($0.42) earnings per share. The business's revenue was up 8.1% on a year-over-year basis. As a group, research analysts expect that RH will post 4.39 earnings per share for the current year.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 of the company's stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were 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. Over the last three months, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group raised RH from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Stifel Nicolaus boosted their target price on RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Guggenheim boosted their target price on RH from $425.00 to $550.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Morgan Stanley upgraded RH from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Finally, BNP Paribas restated an "underperform" rating and set a $253.00 price target on shares of RH in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $431.60.

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.

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