X Square Capital LLC Lowers Holdings in RH (NYSE:RH)

X Square Capital LLC lowered its position in shares of RH (NYSE:RH - Free Report) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,757 shares of the company's stock after selling 2,940 shares during the quarter. RH accounts for about 1.3% of X Square Capital LLC's investment portfolio, making the stock its 23rd largest position. X Square Capital LLC's holdings in RH were worth $3,053,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in RH during the 4th quarter valued at approximately $54,314,000. Raymond James Financial Inc. bought a new stake in shares of RH during the fourth quarter valued at approximately $52,190,000. American Century Companies Inc. raised its position in shares of RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock valued at $41,603,000 after buying an additional 101,160 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company's stock worth $53,375,000 after buying an additional 93,500 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of RH during the fourth quarter worth $35,175,000. 90.17% of the stock is currently owned by institutional investors.

RH Stock Down 0.1 %

NYSE:RH traded down $0.21 during mid-day trading on Monday, hitting $236.08. 624,910 shares of the stock traded hands, compared to its average volume of 742,320. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 67.82, a PEG ratio of 2.65 and a beta of 2.50. The firm's 50 day moving average is $335.63 and its two-hundred day moving average is $352.36.

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Analyst Upgrades and Downgrades

A number of analysts have issued reports on RH shares. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Robert W. Baird lifted their target price on RH from $300.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. The Goldman Sachs Group raised RH from a "sell" rating to a "neutral" rating and increased their price target for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Stifel Nicolaus reduced their price objective on RH from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Morgan Stanley upgraded RH from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $435.00 to $530.00 in a research report on Monday, January 13th. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $400.13.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 10,000 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christina Hargarten sold 5,280 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 over the last 90 days. Company insiders own 28.10% of the company's stock.

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.