Proficio Capital Partners LLC Takes Position in RH (NYSE:RH)

Proficio Capital Partners LLC acquired a new position in shares of RH (NYSE:RH) during the fourth quarter, Holdings Channel.com reports. The fund acquired 49,986 shares of the company’s stock, valued at approximately $19,674,000.

A number of other institutional investors have also added to or reduced their stakes in RH. Virtu Financial LLC bought a new stake in shares of RH during the third quarter valued at about $4,268,000. Lisanti Capital Growth LLC purchased a new position in RH during the third quarter valued at approximately $3,251,000. Invst LLC bought a new stake in RH during the 3rd quarter worth approximately $752,000. Cerity Partners LLC boosted its holdings in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the period. Finally, L.M. Kohn & Company bought a new position in RH in the 4th quarter valued at $289,000. 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 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,880 shares of company stock valued at $29,129,879 in the last ninety days. Company insiders own 28.10% of the company’s stock.

RH Stock Performance

RH stock opened at $321.31 on Friday. The firm has a market cap of $5.98 billion, a P/E ratio of 92.33, a P/E/G ratio of 2.65 and a beta of 2.42. The firm’s fifty day moving average is $400.52 and its 200 day moving average is $353.33. RH has a 52 week low of $212.43 and a 52 week high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the business posted ($0.42) earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast that RH will post 4.39 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on RH. Loop Capital upped their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company upped their target price on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price target on RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. BNP Paribas restated an “underperform” rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and raised their target price for the company from $261.00 to $374.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

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.