Jones Financial Companies Lllp Grows Stock Holdings in RH (NYSE:RH)

Jones Financial Companies Lllp lifted its position in shares of RH (NYSE:RH) by 66.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 430 shares of the company’s stock after purchasing an additional 172 shares during the period. Jones Financial Companies Lllp’s holdings in RH were worth $169,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RH. Two Sigma Advisers LP increased its holdings in RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after acquiring an additional 93,500 shares during the last quarter. Artemis Investment Management LLP bought a new stake in RH in the 4th quarter valued at $31,384,000. Proficio Capital Partners LLC bought a new stake in RH in the 4th quarter valued at $19,674,000. WCM Investment Management LLC bought a new stake in RH in the 4th quarter valued at $18,006,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after acquiring an additional 38,572 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on RH. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Wells Fargo & Company upped their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Guggenheim lifted their target price on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report 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 assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

RH Trading Up 3.9 %

NYSE:RH opened at $225.04 on Friday. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 64.67, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The stock has a fifty day simple moving average of $371.63 and a 200-day simple moving average of $351.94.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. During the same quarter last year, the business posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts predict that RH will post 4.39 EPS for the current fiscal year.

Insider Transactions at RH

In other news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,880 shares of company stock worth $29,129,879. 28.10% of the stock is currently owned by insiders.

RH 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.