Summit Trail Advisors LLC Invests $292,000 in RH (NYSE:RH)

Summit Trail Advisors LLC bought a new stake in shares of RH (NYSE:RH) during the 4th quarter, HoldingsChannel.com reports. The firm bought 743 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RH. WCM Investment Management LLC bought a new position in RH during the fourth quarter worth about $18,006,000. Empowered Funds LLC bought a new position in shares of RH during the 4th quarter worth approximately $620,000. Golden State Wealth Management LLC bought a new position in shares of RH during the 4th quarter worth approximately $68,000. Klein Pavlis & Peasley Financial Inc. boosted its stake in RH by 3.4% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,157 shares of the company’s stock valued at $1,636,000 after buying an additional 138 shares in the last quarter. Finally, Insight Advisors LLC PA grew its position in RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after acquiring an additional 33 shares during the period. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is currently owned by insiders.

RH Stock Down 2.6 %

RH stock opened at $374.47 on Thursday. The business’s 50-day simple moving average is $409.51 and its 200 day simple moving average is $345.04. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 107.61, a P/E/G ratio of 3.02 and a beta of 2.42. RH has a 12-month low of $212.43 and a 12-month high of $457.26.

RH (NYSE:RH) last released its earnings results 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 business had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that RH will post 4.37 EPS for the current year.

Wall Street Analyst Weigh In

RH has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $435.00 to $530.00 in a research report on Monday, January 13th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, Stifel Nicolaus increased their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $431.60.

RH Company 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.