Game Plan Financial Advisors LLC Acquires 245 Shares of RH (NYSE:RH)

Game Plan Financial Advisors LLC raised its holdings in RH (NYSE:RH) by 3.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,784 shares of the company’s stock after acquiring an additional 245 shares during the period. RH makes up 1.4% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 26th largest position. Game Plan Financial Advisors LLC’s holdings in RH were worth $3,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in RH during the 3rd quarter worth about $4,268,000. Lisanti Capital Growth LLC purchased a new stake in shares of RH in the third quarter worth about $3,251,000. Invst LLC bought a new position in shares of RH in the third quarter valued at approximately $752,000. Cerity Partners LLC grew its stake in RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in RH by 55.6% during the third quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,341 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 0.4 %

RH stock opened at $382.05 on Friday. The firm has a fifty day simple moving average of $409.78 and a two-hundred day simple moving average of $346.55. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The company has a market capitalization of $7.11 billion, a PE ratio of 109.78, a P/E/G ratio of 3.02 and a beta of 2.42.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million during 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% on a year-over-year basis. As a group, equities analysts expect that RH will post 4.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on RH. Stifel Nicolaus raised their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. BNP Paribas reissued an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Robert W. Baird upped their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and lifted their price target for the company from $261.00 to $374.00 in a research report on Thursday, January 30th. Finally, Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $431.60.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the 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 sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by insiders.

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.