RH (NYSE:RH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of RH (NYSE:RH) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,403 shares of the company’s stock after selling 277 shares during the quarter. Principal Financial Group Inc.’s holdings in RH were worth $13,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the period. Versant Capital Management Inc boosted its stake in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after buying an additional 70 shares during the last quarter. GAMMA Investing LLC raised its position in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. raised its position in shares of RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in RH in the fourth quarter worth $68,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

NYSE:RH opened at $354.36 on Thursday. The firm’s fifty day moving average price is $403.27 and its two-hundred day moving average price is $352.33. RH has a one year low of $212.43 and a one year high of $457.26. The company has a market cap of $6.59 billion, a P/E ratio of 101.83, a P/E/G ratio of 2.65 and a beta of 2.42.

RH (NYSE:RH) last posted its quarterly earnings data 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). The firm had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.42) EPS. As a group, equities research analysts expect that RH will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RH. Guggenheim increased their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Finally, Loop Capital raised their price target on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insider Activity at RH

In other news, insider Eri Chaya sold 25,000 shares of RH stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares in the company, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock worth $29,129,879 in the last quarter. 28.10% of the stock is owned by insiders.

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.