Proficio Capital Partners LLC Invests $19.67 Million in RH (NYSE:RH)

Proficio Capital Partners LLC acquired a new stake in RH (NYSE:RH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 49,986 shares of the company’s stock, valued at approximately $19,674,000. Proficio Capital Partners LLC owned approximately 0.27% of RH as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares in the last quarter. Two Sigma Advisers LP increased its position in RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after buying an additional 93,500 shares in the last quarter. Artemis Investment Management LLP bought a new stake in RH in the 4th quarter valued at about $31,384,000. New York State Common Retirement Fund raised its stake in RH by 19.8% during the 3rd quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock worth $15,812,000 after buying an additional 7,800 shares during the period. Finally, WCM Investment Management LLC bought a new position in RH in the fourth quarter worth approximately $18,006,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Guggenheim upped their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of RH in a report on Tuesday, February 18th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Finally, Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Trading Down 2.0 %

Shares of RH stock opened at $321.31 on Friday. The business’s fifty day simple moving average is $400.52 and its 200 day simple moving average is $353.33. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The firm has a market capitalization 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.

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

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 600 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock worth $29,129,879 over the last three months. 28.10% of the stock is currently owned by insiders.

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.