OFI Invest Asset Management Makes New Investment in RH (NYSE:RH)

OFI Invest Asset Management purchased a new position in shares of RH (NYSE:RH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,492 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RH. Versant Capital Management Inc boosted its holdings in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after buying an additional 39 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of RH during the 4th quarter worth approximately $68,000. Finally, Spire Wealth Management bought a new position in shares of RH during the 4th quarter worth approximately $80,000. 90.17% of the stock is currently owned by institutional investors.

RH Price Performance

Shares of RH stock opened at $262.70 on Monday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm has a market cap of $4.89 billion, a PE ratio of 75.49, a P/E/G ratio of 2.65 and a beta of 2.50. The stock has a fifty day moving average price of $388.33 and a 200-day moving average price of $354.64.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on RH. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Guggenheim increased their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of RH in a research report on Tuesday, February 18th. Finally, StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $431.60.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now directly owns 5,470 shares of the company’s stock, valued at $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 14th. The shares were 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. Insiders have sold a total of 66,880 shares of company stock valued at $29,129,879 over the last three months. 28.10% of the stock is currently owned by 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.