Ring Mountain Capital LLC Buys Shares of 1,858 RH (NYSE:RH)

Ring Mountain Capital LLC bought a new stake in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,858 shares of the company’s stock, valued at approximately $731,000.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. grew its position in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the period. GAMMA Investing LLC grew its position in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the period. Golden State Wealth Management LLC purchased a new position in RH in the fourth quarter worth approximately $68,000. Finally, Spire Wealth Management purchased a new position in RH in the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

RH has been the subject of several analyst reports. Robert W. Baird increased their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and increased their price objective for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, RH presently has a consensus rating of “Moderate Buy” and an average price target of $431.60.

Insiders Place Their Bets

In other RH news, 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 transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by insiders.

RH Price Performance

RH stock opened at $306.67 on Tuesday. RH has a 1-year low of $212.43 and a 1-year high of $457.26. The stock has a market cap of $5.70 billion, a PE ratio of 88.12, a P/E/G ratio of 2.65 and a beta of 2.42. The stock’s fifty day moving average is $398.49 and its two-hundred day moving average is $354.28.

RH (NYSE:RH) last posted its quarterly 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 business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior year, the business earned ($0.42) earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

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.