79,738 Shares in RH (NYSE:RH) Bought by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new position in shares of RH (NYSE:RH) during the fourth quarter, Holdings Channel reports. The fund acquired 79,738 shares of the company’s stock, valued at approximately $31,384,000.

Other institutional investors have also recently made changes to their positions in the company. Anomaly Capital Management LP lifted its position in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after buying an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of RH by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after buying an additional 18,563 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after acquiring an additional 38,572 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of RH in a research report on Monday, January 6th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Wells Fargo & Company raised their price objective on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RH currently has a consensus rating of “Hold” and an average price target of $421.73.

RH Price Performance

NYSE:RH opened at $446.05 on Friday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The stock’s fifty day moving average price is $387.30 and its two-hundred day moving average price is $325.70. The company has a market cap of $8.30 billion, a P/E ratio of 128.17, a P/E/G ratio of 9.52 and a beta of 2.43.

RH (NYSE:RH) last issued 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). The company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company posted ($0.42) EPS. On average, analysts expect that RH will post 4.35 earnings per share for the current fiscal year.

Insider Transactions at RH

In other RH news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,000 shares of company stock valued at $15,239,375. 28.10% of the stock is currently owned by corporate insiders.

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.