Grassi Investment Management Buys Shares of 600 RH (NYSE:RH)

Grassi Investment Management bought a new stake in RH (NYSE:RH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 600 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors also recently bought and sold shares of the company. Anomaly Capital Management LP raised its stake in shares of RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares during the period. Two Sigma Advisers LP grew its position in shares of RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after purchasing an additional 93,500 shares in the last quarter. Marshall Wace LLP grew its position in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of RH by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of RH by 26.4% during 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 in the last quarter. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction 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.

RH Stock Up 1.7 %

RH stock traded up $6.94 during trading on Monday, hitting $420.89. 479,613 shares of the company’s stock traded hands, compared to its average volume of 452,940. The firm has a market capitalization of $7.83 billion, a P/E ratio of 120.95, a PEG ratio of 2.73 and a beta of 2.43. The business has a fifty day simple moving average of $377.52 and a two-hundred day simple moving average of $319.76. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19). The business had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 32.76%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.42) earnings per share. On average, equities research analysts predict that RH will post 5.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RH has been the subject of several research analyst reports. BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $435.00 to $530.00 in a research report on Monday. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $383.00 to $515.00 in a research report on Wednesday, January 8th. Telsey Advisory Group upgraded RH from a “market perform” rating to an “outperform” rating and raised their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, StockNews.com cut RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $421.73.

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.