Ieq Capital LLC Sells 457 Shares of RH (NYSE:RH)

Ieq Capital LLC lessened its holdings in RH (NYSE:RH) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,749 shares of the company’s stock after selling 457 shares during the period. Ieq Capital LLC’s holdings in RH were worth $3,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RH. Blue Trust Inc. lifted its stake in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Raymond James & Associates lifted its stake in shares of RH by 1.7% in the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock worth $4,375,000 after purchasing an additional 219 shares during the period. International Assets Investment Management LLC lifted its stake in shares of RH by 979.0% in the 3rd quarter. International Assets Investment Management LLC now owns 669 shares of the company’s stock worth $224,000 after purchasing an additional 607 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of RH by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,904 shares of the company’s stock worth $1,665,000 after purchasing an additional 513 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of RH by 13.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 944 shares of the company’s stock worth $316,000 after purchasing an additional 111 shares during the period. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BNP Paribas reissued an “underperform” rating and issued a $253.00 target price on shares of RH in a report on Wednesday, November 13th. Loop Capital increased their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Robert W. Baird increased their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and increased their target price for the stock from $261.00 to $374.00 in a report 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 given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $431.60.

Insider Activity

In related news, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by insiders.

RH Price Performance

Shares of RH opened at $340.06 on Friday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The company has a 50 day simple moving average of $406.73 and a two-hundred day simple moving average of $349.60. The firm has a market cap of $6.33 billion, a P/E ratio of 97.72, a price-to-earnings-growth ratio of 2.65 and a beta of 2.42.

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

RH 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.