Adell Harriman & Carpenter Inc. acquired a new position in shares of RH (NYSE:RH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,350 shares of the company’s stock, valued at approximately $203,000.
A number of other large investors have also bought and sold shares of RH. Engineers Gate Manager LP lifted its position in RH by 51.2% during the fourth quarter. Engineers Gate Manager LP now owns 63,541 shares of the company’s stock valued at $5,478,000 after purchasing an additional 21,517 shares during the last quarter. APG Asset Management N.V. purchased a new position in RH in the 4th quarter worth about $948,000. Private Advisory Group LLC purchased a new position in RH in the 4th quarter worth about $582,000. Cornerstone Capital Management Holdings LLC. purchased a new position in RH in the 3rd quarter worth about $274,000. Finally, Wealth Architects LLC purchased a new position in RH in the 4th quarter worth about $241,000.
Several brokerages have issued reports on RH. Zacks Investment Research upgraded shares of RH from a “hold” rating to a “strong-buy” rating and set a $106.00 target price on the stock in a report on Friday, February 2nd. Loop Capital upgraded shares of RH from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Thursday, January 11th. Stifel Nicolaus lowered their target price on shares of RH from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, December 6th. Citigroup lifted their target price on shares of RH from $1.37 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, Barclays boosted their price target on shares of RH from $65.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.44.
In other RH news, CEO Gary G. Friedman purchased 10,300 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $97.09 per share, with a total value of $1,000,027.00. Following the purchase, the chief executive officer now owns 2,245,710 shares in the company, valued at $218,035,983.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Boone sold 22,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $99.60, for a total value of $2,191,200.00. Following the completion of the sale, the insider now directly owns 25,430 shares in the company, valued at $2,532,828. The disclosure for this sale can be found here. Corporate insiders own 18.80% of the company’s stock.
Shares of RH (RH) opened at $88.85 on Tuesday. The firm has a market capitalization of $1,847.57, a P/E ratio of 35.83, a PEG ratio of 0.81 and a beta of 1.71. RH has a fifty-two week low of $25.09 and a fifty-two week high of $109.53. The company has a quick ratio of 0.28, a current ratio of 1.47 and a debt-to-equity ratio of -48.40.
RH (NYSE:RH) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. RH had a return on equity of 20.04% and a net margin of 0.45%. The firm had revenue of $592.50 million during the quarter, compared to the consensus estimate of $592.46 million. During the same period last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. sell-side analysts predict that RH will post 2.93 EPS for the current fiscal year.
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RH Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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