Ring Mountain Capital LLC Makes New $731,000 Investment in RH (NYSE:RH)

Ring Mountain Capital LLC purchased a new stake in RH (NYSE:RH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,858 shares of the company’s stock, valued at approximately $731,000.

Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after buying an additional 31 shares in the last quarter. Insight Advisors LLC PA raised its position in shares of RH by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock worth $571,000 after acquiring an additional 33 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after acquiring an additional 35 shares in the last quarter. US Bancorp DE lifted its stake in shares of RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the subject of a number of recent research reports. Stifel Nicolaus boosted 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. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $383.00 to $515.00 in a research note on Wednesday, January 8th. StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Wells Fargo & Company upped their price target on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their price objective on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

Insider Activity

In related news, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock valued at $29,129,879 in the last quarter. 28.10% of the stock is currently owned by company insiders.

RH Stock Performance

RH stock opened at $306.67 on Tuesday. The business’s 50-day simple moving average is $398.49 and its two-hundred day simple moving average is $354.28. The company has a market cap of $5.70 billion, a PE ratio of 88.12, a PEG ratio of 2.65 and a beta of 2.42. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last posted its quarterly 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). The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) EPS. As a group, analysts predict that RH will post 4.39 EPS for the current fiscal year.

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.