Shelton Wealth Management LLC Acquires Shares of 4,306 RH (NYSE:RH)

Shelton Wealth Management LLC bought a new position in RH (NYSE:RH) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,306 shares of the company’s stock, valued at approximately $1,695,000. RH comprises about 0.9% of Shelton Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Anomaly Capital Management LP lifted its holdings in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the last quarter. Two Sigma Advisers LP increased its stake in RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after buying an additional 93,500 shares during the period. Marshall Wace LLP boosted its position in RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after buying an additional 64,423 shares during the period. Dimensional Fund Advisors LP grew its stake in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after acquiring an additional 38,572 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was 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. In the last quarter, insiders sold 36,000 shares of company stock worth $15,239,375. Insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RH shares. Loop Capital increased their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Guggenheim upped their target price on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Finally, Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $421.73.

RH Stock Performance

RH stock opened at $446.05 on Friday. The stock has a market capitalization 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 has a 1 year low of $212.43 and a 1 year high of $457.26. The company’s fifty day moving average price is $387.30 and its 200 day moving average price is $325.17.

RH (NYSE:RH) last released 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 net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter last year, the business earned ($0.42) EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that RH will post 4.35 EPS for the current year.

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.