American Century Companies Inc. Grows Stock Position in RH (NYSE:RH)

American Century Companies Inc. increased its holdings in RH (NYSE:RH - Free Report) by 2,227.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,701 shares of the company's stock after buying an additional 101,160 shares during the quarter. American Century Companies Inc. owned about 0.57% of RH worth $41,603,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RH. Charles Schwab Investment Management Inc. lifted its holdings in shares of RH by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company's stock valued at $73,876,000 after buying an additional 2,865 shares during the period. Two Sigma Advisers LP raised its position in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company's stock valued at $53,375,000 after acquiring an additional 93,500 shares in the last quarter. Raymond James Financial Inc. acquired a new position in RH in the fourth quarter valued at approximately $52,190,000. Xcel Wealth Management LLC boosted its position in RH by 3.3% in the 4th quarter. Xcel Wealth Management LLC now owns 128,619 shares of the company's stock worth $50,623,000 after purchasing an additional 4,069 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of RH during the 4th quarter worth approximately $35,175,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Down 1.7 %

Shares of RH stock traded down $3.90 during trading hours on Monday, reaching $232.38. 469,544 shares of the company's stock were exchanged, compared to its average volume of 749,064. The business has a fifty day moving average of $335.63 and a two-hundred day moving average of $352.36. The company has a market capitalization of $4.32 billion, a P/E ratio of 66.69, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 1 year low of $212.04 and a 1 year high of $457.26.

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Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 600 shares of the firm's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RH has been the topic of a number of recent analyst reports. Telsey Advisory Group lowered their price target on shares of RH from $500.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Bank of America decreased their price objective on shares of RH from $510.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. The Goldman Sachs Group upgraded RH from a "sell" rating to a "neutral" rating and raised their target price for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Citigroup reduced their price target on RH from $556.00 to $437.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Barclays raised RH from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. 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, RH currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.13.

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.