Semanteon Capital Management LP lifted its position in shares of RH (NYSE:RH - Free Report) by 147.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,598 shares of the company's stock after acquiring an additional 1,546 shares during the quarter. Semanteon Capital Management LP's holdings in RH were worth $1,023,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after purchasing an additional 39 shares during the period. Versant Capital Management Inc boosted its stake in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after buying an additional 70 shares in the last quarter. GAMMA Investing LLC grew its holdings in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after acquiring an additional 64 shares during the period. Rakuten Securities Inc. raised its position in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after acquiring an additional 72 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in RH in the fourth quarter valued at $68,000. 90.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
RH has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of RH from $440.00 to $250.00 and set a "neutral" rating for the company in a report on Friday. Robert W. Baird increased their target price on shares of RH from $300.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Citigroup decreased their price target on RH from $556.00 to $437.00 and set a "buy" rating on the stock in a research note on Monday. Morgan Stanley raised RH from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, Wedbush reiterated an "outperform" rating and set a $500.00 target price on shares of RH in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given 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.
View Our Latest Research Report on RH
RH Trading Down 2.0 %
Shares of NYSE RH traded down $5.19 during midday trading on Tuesday, reaching $252.65. 831,158 shares of the stock were exchanged, compared to its average volume of 768,482. The stock has a 50 day moving average price of $350.53 and a 200-day moving average price of $352.39. The company has a market capitalization of $4.70 billion, a P/E ratio of 72.60, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 52-week low of $212.04 and a 52-week high of $457.26.
Insider Transactions at RH
In other news, insider Eri Chaya sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction 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 approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 over the last quarter. 28.10% of the stock is currently owned by insiders.
About RH
(
Free Report)
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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