Virtu Financial LLC Reduces Holdings in RH (NYSE:RH)

Virtu Financial LLC lessened its stake in RH (NYSE:RH - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,716 shares of the company's stock after selling 5,046 shares during the period. Virtu Financial LLC's holdings in RH were worth $3,037,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. lifted its position in shares of RH by 125.8% during 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 in the last quarter. GAMMA Investing LLC grew its stake in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after acquiring an additional 64 shares during the period. Rakuten Securities Inc. increased its holdings in RH by 180.0% in the 4th 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 position in RH during the fourth quarter worth $68,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Down 3.6 %

NYSE:RH traded down $9.07 on Wednesday, reaching $243.83. The company's stock had a trading volume of 607,444 shares, compared to its average volume of 766,254. RH has a 12-month low of $212.04 and a 12-month high of $457.26. The stock has a 50 day moving average price of $347.25 and a 200 day moving average price of $352.43. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 70.06, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RH shares. Wedbush dropped their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research report on Wednesday. Stifel Nicolaus increased their target price on RH from $420.00 to $500.00 and gave the company a "buy" rating in a report on Monday, December 16th. Loop Capital lifted their price target on RH from $320.00 to $450.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. Telsey Advisory Group reduced their price objective on RH from $500.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday. Finally, StockNews.com cut shares of RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $403.25.

Insider Activity at RH

In related news, Director Keith Belling sold 500 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company's stock.

RH 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.