RH (NYSE:RH) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its holdings in shares of RH (NYSE:RH) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,109 shares of the company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in RH were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RH. Versant Capital Management Inc raised its position in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after acquiring an additional 70 shares during the period. UMB Bank n.a. increased its stake in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC raised its position in shares of RH by 533.3% during the 4th 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 purchased a new position in RH in the 4th quarter valued at about $68,000. Finally, Spire Wealth Management acquired a new stake in RH in the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,380 shares of company stock valued at $28,922,379 over the last 90 days. 28.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RH has been the topic of several research reports. Wells Fargo & Company raised their target price on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Finally, Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

RH Trading Down 0.0 %

NYSE RH opened at $225.06 on Tuesday. The stock has a fifty day simple moving average of $367.82 and a 200-day simple moving average of $352.87. The stock has a market cap of $4.19 billion, a PE ratio of 64.67, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a twelve month low of $212.04 and a twelve month high of $457.26.

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.