AXQ Capital LP Invests $548,000 in RH (NYSE:RH)

AXQ Capital LP bought a new stake in shares of RH (NYSE:RH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,392 shares of the company’s stock, valued at approximately $548,000.

Several other large investors have also added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in RH in the third quarter worth $311,000. Quest Partners LLC increased its stake in shares of RH by 57.5% in the 3rd quarter. Quest Partners LLC now owns 898 shares of the company’s stock worth $300,000 after acquiring an additional 328 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in RH during the third quarter worth about $201,000. Charles Schwab Investment Management Inc. grew its holdings in RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of RH by 139.7% during the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Performance

NYSE:RH opened at $242.24 on Friday. The stock has a 50-day simple moving average of $353.74 and a two-hundred day simple moving average of $351.58. The firm has a market capitalization of $4.51 billion, a PE ratio of 69.61, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 52-week low of $212.04 and a 52-week high of $457.26.

Insider Activity at RH

In related news, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The shares were 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 owns 484 shares in the company, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Belling sold 500 shares of the stock in a transaction 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 sale, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RH shares. Robert W. Baird increased their target price on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Guggenheim lifted their price target on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. UBS Group decreased their price objective on shares of RH from $440.00 to $250.00 and set a “neutral” rating for the company in a report on Friday. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Finally, Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of RH in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, RH presently has an average rating of “Moderate Buy” and an average target price of $412.44.

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.