SWS Partners Acquires 1,453 Shares of RH (NYSE:RH)

SWS Partners lifted its holdings in RH (NYSE:RH) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,387 shares of the company’s stock after buying an additional 1,453 shares during the period. RH comprises 1.1% of SWS Partners’ holdings, making the stock its 19th largest holding. SWS Partners owned approximately 0.05% of RH worth $3,695,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RH. Ring Mountain Capital LLC bought a new position in shares of RH during the 4th quarter valued at approximately $731,000. Charles Schwab Investment Management Inc. increased its position in RH by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company’s stock valued at $73,876,000 after acquiring an additional 2,865 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in RH by 6.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $216,000 after acquiring an additional 31 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of RH in the fourth quarter valued at $101,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of RH by 66.7% in the 4th quarter. Jones Financial Companies Lllp now owns 430 shares of the company’s stock worth $169,000 after acquiring an additional 172 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RH has been the topic of several analyst reports. Stifel Nicolaus upped their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Guggenheim upped their target price on RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised RH from a “sell” rating to a “neutral” rating and raised their price target for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of RH in a research report on Tuesday, February 18th. Finally, Robert W. Baird lifted their target price 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 assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $431.60.

RH Stock Performance

NYSE:RH opened at $306.67 on Tuesday. The firm has a 50-day simple moving average of $398.49 and a 200-day simple moving average of $354.28. RH has a one year low of $212.43 and a one year high of $457.26. The firm has a market cap of $5.70 billion, a P/E ratio of 88.12, a P/E/G ratio of 2.65 and a beta of 2.42.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) EPS. On average, research analysts predict that RH will post 4.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Belling sold 500 shares of the stock in a transaction that occurred on 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. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock worth $29,129,879 in the last three months. 28.10% of the stock is owned by insiders.

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.