GAMMA Investing LLC Raises Stock Holdings in RH (NYSE:RH)

GAMMA Investing LLC lifted its holdings in shares of RH (NYSE:RH) by 533.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76 shares of the company’s stock after acquiring an additional 64 shares during the quarter. GAMMA Investing LLC’s holdings in RH were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in RH in the third quarter valued at $4,268,000. Lisanti Capital Growth LLC purchased a new position in RH in the 3rd quarter worth $3,251,000. Invst LLC bought a new stake in RH in the third quarter worth $752,000. Cerity Partners LLC lifted its stake in RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares during the last quarter. Finally, BlackBarn Capital Partners LP boosted its position in RH by 156.8% during the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company’s stock valued at $10,671,000 after buying an additional 26,655 shares during the period. 90.17% of the stock is owned by institutional investors.

RH Price Performance

Shares of NYSE RH opened at $416.72 on Wednesday. The company has a market cap of $7.75 billion, a P/E ratio of 119.75, a PEG ratio of 2.73 and a beta of 2.43. The firm has a 50-day simple moving average of $380.99 and a two-hundred day simple moving average of $322.23. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last issued 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 company had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted ($0.42) earnings per share. As a group, equities research analysts expect that RH will post 5.63 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on RH. Guggenheim increased their target price on RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 13th. Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of RH in a research note on Monday, January 6th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus increased their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $421.73.

Insiders Place Their Bets

In other RH news, insider Eri Chaya sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,000 shares of company stock valued at $5,286,265. 28.10% of the stock is currently owned by insiders.

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.