Oak Thistle LLC Sells 2,992 Shares of RH (NYSE:RH)

Oak Thistle LLC cut its position in RH (NYSE:RH - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 515 shares of the company's stock after selling 2,992 shares during the period. Oak Thistle LLC's holdings in RH were worth $203,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after acquiring an additional 70 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company's stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of RH in the third quarter valued at $100,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of RH in the third quarter valued at about $110,000. 90.17% of the stock is owned by institutional investors.

Insider Activity

In other RH news, Director Keith Belling sold 500 shares of RH stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eri Chaya sold 10,000 shares of the company's stock in a transaction dated 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 have sold 36,000 shares of company stock worth $15,239,375 in the last 90 days. Corporate insiders own 28.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RH. Guggenheim increased their price objective on shares of RH from $425.00 to $550.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Robert W. Baird raised their price target on shares of RH from $300.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Telsey Advisory Group raised RH from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Wells Fargo & Company lifted their target price on RH from $425.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus boosted their target price on RH from $420.00 to $500.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $421.73.

RH Stock Performance

NYSE:RH traded up $13.22 during trading hours on Friday, hitting $446.05. The stock had a trading volume of 671,573 shares, compared to its average volume of 594,532. The business's 50 day moving average is $387.30 and its 200-day moving average is $325.17. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 128.17, a P/E/G ratio of 9.52 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $457.26.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.42) EPS. On average, sell-side analysts anticipate that RH will post 4.35 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.