Keystone Financial Group Has $2.64 Million Stock Position in RH (NYSE:RH)

Keystone Financial Group grew its stake in shares of RH (NYSE:RH) by 302.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,966 shares of the company’s stock after purchasing an additional 5,237 shares during the quarter. Keystone Financial Group’s holdings in RH were worth $2,640,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RH. Versant Capital Management Inc boosted 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 purchasing an additional 70 shares during the period. UMB Bank n.a. boosted its stake in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares in the last quarter. GAMMA Investing LLC increased its position in 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 in the last quarter. Rakuten Securities Inc. lifted its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of RH during the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on RH. Barclays lowered their target price on RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley cut their price target on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Stifel Nicolaus reduced their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group set a $276.00 target price on shares of RH in a research report on Thursday, April 3rd. Finally, Telsey Advisory Group dropped their price objective on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $283.94.

Insider Buying and Selling

In other RH news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,880 shares of company stock valued at $24,550,754. 28.10% of the stock is owned by insiders.

RH Price Performance

Shares of RH stock opened at $164.81 on Friday. RH has a one year low of $123.03 and a one year high of $457.26. The company has a market cap of $3.09 billion, a P/E ratio of 47.36, a P/E/G ratio of 2.65 and a beta of 2.44. The firm has a 50-day moving average of $277.36 and a 200-day moving average of $339.84.

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 business had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, research analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

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.