Wedbush Securities Inc. Sells 140 Shares of RH (NYSE:RH)

Wedbush Securities Inc. reduced its holdings in RH (NYSE:RH) by 20.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 535 shares of the company’s stock after selling 140 shares during the period. Wedbush Securities Inc.’s holdings in RH were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RH. Landscape Capital Management L.L.C. lifted its stake in RH by 945.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 6,274 shares of the company’s stock valued at $2,469,000 after buying an additional 5,674 shares during the period. Diametric Capital LP bought a new stake in shares of RH in the 4th quarter valued at about $1,092,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of RH in the 4th quarter valued at approximately $2,865,000. Alliancebernstein L.P. boosted its stake in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after acquiring an additional 346,050 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in RH by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock valued at $17,664,000 after purchasing an additional 5,506 shares during the period. 90.17% of the stock is owned by institutional investors.

RH Price Performance

Shares of NYSE:RH opened at $171.84 on Friday. The company’s 50-day moving average price is $282.19 and its two-hundred day moving average price is $341.03. RH has a one year low of $123.03 and a one year high of $457.26. The stock has a market capitalization of $3.22 billion, a PE ratio of 49.38, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). The company had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. On average, analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction that occurred on 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. This trade represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,880 shares of company stock valued at $24,550,754. 28.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating and issued a $200.00 target price (down from $437.00) on shares of RH in a report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 price objective on RH in a research note on Thursday, April 3rd. Bank of America cut RH from a “buy” rating to an “underperform” rating and decreased their target price for the company from $410.00 to $130.00 in a research note on Thursday, April 3rd. Wells Fargo & Company dropped their price target on RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, Morgan Stanley decreased their price objective on RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $283.94.

RH Company 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.