SWS Partners Raises Holdings in RH (NYSE:RH)

SWS Partners lifted its stake in RH (NYSE:RH) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,387 shares of the company’s stock after purchasing an additional 1,453 shares during the quarter. RH comprises about 1.1% of SWS Partners’ portfolio, making the stock its 19th largest holding. SWS Partners’ holdings in RH were worth $3,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. raised its stake in RH by 125.8% in the 4th 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 last quarter. Versant Capital Management Inc increased its holdings 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 during the period. GAMMA Investing LLC raised its stake in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of RH during the fourth quarter worth about $68,000. Finally, Spire Wealth Management purchased a new stake in RH in the fourth quarter valued at approximately $80,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total value of $10,660,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RH. BNP Paribas reissued an “underperform” rating and set a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company upped their price target on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $431.60.

RH Price Performance

Shares of 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 company has a market cap of $5.70 billion, a price-to-earnings ratio of 88.12, a PEG ratio of 2.65 and a beta of 2.42. The stock has a 50 day simple moving average of $398.49 and a 200-day simple moving average of $354.28.

RH (NYSE:RH) last posted its quarterly earnings data 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 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 analyst estimates of $812.19 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Analysts anticipate 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.