RH (NYSE:RH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of RH (NYSE:RH - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,402,010 shares of the company's stock after buying an additional 18,389 shares during the period. Vanguard Group Inc. owned approximately 7.54% of RH worth $551,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position 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 valued at $28,000 after acquiring an additional 70 shares during the period. UMB Bank n.a. lifted its holdings in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after buying an additional 39 shares during the period. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after buying an additional 64 shares during the last quarter. Rakuten Securities Inc. grew its holdings in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after acquiring an additional 72 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in RH during the fourth quarter valued at approximately $68,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 10,000 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now owns 484 shares of the company's stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,380 shares of company stock valued at $28,922,379. Corporate insiders own 28.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays lowered their price objective on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research report on Thursday. The Goldman Sachs Group upgraded RH from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Wedbush lowered their price target on RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 26th. StockNews.com downgraded RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Finally, Robert W. Baird decreased their target price on shares of RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $310.06.

RH Stock Down 39.9 %

NYSE:RH traded down $99.41 during mid-day trading on Thursday, reaching $149.95. 12,760,823 shares of the stock were exchanged, compared to its average volume of 800,396. The stock has a market capitalization of $2.79 billion, a P/E ratio of 43.09, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 1 year low of $138.65 and a 1 year high of $457.26. The company has a 50 day simple moving average of $323.21 and a 200-day simple moving average of $350.91.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. RH's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, research analysts predict that RH will post 4.39 EPS for the current 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.