Cornerstone Investment Partners LLC Acquires New Position in RH (NYSE:RH)

Cornerstone Investment Partners LLC acquired a new stake in RH (NYSE:RH) in the 4th quarter, Holdings Channel reports. The fund acquired 1,148 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in RH in the 3rd quarter worth approximately $30,000. KB Financial Partners LLC increased its holdings in RH by 61.6% in the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after buying an additional 45 shares during the period. Global Retirement Partners LLC increased its holdings in RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock worth $41,000 after buying an additional 77 shares during the period. Core Wealth Advisors Inc. acquired a new position in RH in the 3rd quarter worth approximately $51,000. Finally, Solstein Capital LLC acquired a new position in RH in the 3rd quarter worth approximately $53,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RH shares. The Goldman Sachs Group raised their price objective on shares of RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research note on Monday, April 1st. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research note on Monday, April 1st. Wells Fargo & Company raised their price objective on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Barclays raised their price objective on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Finally, Robert W. Baird raised their price objective on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of “Hold” and a consensus target price of $332.15.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the transaction, the director now owns 12,991 shares in the company, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by insiders.

RH Trading Down 1.8 %

RH stock traded down $4.52 during midday trading on Friday, reaching $240.77. The stock had a trading volume of 166,620 shares, compared to its average volume of 689,253. The company’s fifty day simple moving average is $278.70 and its 200 day simple moving average is $267.40. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 44.00, a price-to-earnings-growth ratio of 2.69 and a beta of 2.46. RH has a 52-week low of $207.26 and a 52-week high of $406.38.

RH (NYSE:RH) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The firm had revenue of $738.26 million during the quarter, compared to analysts’ expectations of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 EPS. Sell-side analysts predict that RH will post 9.08 EPS for the current year.

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.