Amalgamated Bank Purchases 191 Shares of RH (NYSE:RH)

Amalgamated Bank boosted its holdings in shares of RH (NYSE:RH) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,244 shares of the company’s stock after acquiring an additional 191 shares during the period. Amalgamated Bank’s holdings in RH were worth $2,851,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc increased its stake in shares of RH by 4.8% in the fourth quarter. IFP Advisors Inc now owns 3,576 shares of the company’s stock valued at $1,409,000 after buying an additional 164 shares in the last quarter. World Equity Group Inc. increased its position in RH by 90.2% in the 4th quarter. World Equity Group Inc. now owns 1,946 shares of the company’s stock valued at $766,000 after acquiring an additional 923 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new position in shares of RH in the fourth quarter worth about $995,000. Prakash Investment Advisors LLC acquired a new position in shares of RH during the fourth quarter worth approximately $512,000. Finally, Private Advisor Group LLC bought a new stake in shares of RH during the fourth quarter valued at approximately $267,000. Institutional investors own 90.17% of the company’s stock.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 600 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

RH has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and raised their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. StockNews.com cut RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

RH Stock Down 2.0 %

Shares of RH stock opened at $321.31 on Friday. RH has a 12-month low of $212.43 and a 12-month high of $457.26. The firm has a fifty day moving average of $400.52 and a 200-day moving average of $353.33. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 92.33, a price-to-earnings-growth ratio of 2.65 and a beta of 2.42.

RH (NYSE:RH) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Research analysts expect that RH will post 4.39 earnings per share for the current 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.