RH (NYSE:RH) Stock Holdings Lifted by Amalgamated Bank

Amalgamated Bank lifted its position in RH (NYSE:RH) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,244 shares of the company’s stock after acquiring an additional 191 shares during the quarter. Amalgamated Bank’s holdings in RH were worth $2,851,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RH. Versant Capital Management Inc raised its stake in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. grew its holdings in shares of RH by 125.8% during the fourth 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 raised its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the period. Blue Trust Inc. lifted its stake in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in RH during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Guggenheim upped their price objective on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company lifted their target price on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, Robert W. Baird lifted their price objective on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

Insider Activity at RH

In other news, insider Edward T. Lee sold 600 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Belling sold 500 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by corporate insiders.

RH Stock Performance

RH opened at $321.31 on Friday. The firm has a market cap of $5.98 billion, a P/E ratio of 92.33, a price-to-earnings-growth ratio of 2.65 and a beta of 2.42. The business has a 50 day moving average price of $400.52 and a 200 day moving average price of $353.33. RH has a twelve month low of $212.43 and a twelve month high of $457.26.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the firm posted ($0.42) EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that RH will post 4.39 earnings per share for the current fiscal 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.