Securian Asset Management Inc. Cuts Stock Holdings in RH (NYSE:RH)

Securian Asset Management Inc. lessened its holdings in RH (NYSE:RH) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,109 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in RH were worth $436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after buying an additional 39 shares during the period. Versant Capital Management Inc lifted its stake in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC boosted its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in RH in the fourth quarter valued at about $68,000. Finally, Spire Wealth Management bought a new position in RH in the fourth quarter worth about $80,000. 90.17% of the stock is currently owned by institutional investors.

RH Price Performance

RH stock opened at $225.06 on Tuesday. The company has a market capitalization of $4.19 billion, a P/E ratio of 64.67, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The firm’s fifty day simple moving average is $367.82 and its 200-day simple moving average is $352.87.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,380 shares of company stock valued at $28,922,379. 28.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RH shares. Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Guggenheim lifted their price target on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and increased their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a research note on Thursday, December 19th. Finally, Wells Fargo & Company increased their price target on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $431.60.

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.