Farther Finance Advisors LLC Sells 49 Shares of RH (NYSE:RH)

Farther Finance Advisors LLC trimmed its position in shares of RH (NYSE:RH) by 39.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 74 shares of the company’s stock after selling 49 shares during the quarter. Farther Finance Advisors LLC’s holdings in RH were worth $29,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. increased its stake in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $30,000 after buying an additional 64 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of RH in the 4th quarter worth approximately $68,000. Finally, Spire Wealth Management bought a new position in shares of RH in the fourth quarter valued at approximately $80,000. Institutional investors own 90.17% of the company’s stock.

Insider Activity

In related news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total transaction of $4,162,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was 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 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by company insiders.

Analyst Ratings Changes

RH has been the topic of several research analyst reports. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Robert W. Baird increased their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of RH in a report on Tuesday, February 18th. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price target on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $412.56.

RH Stock Up 6.7 %

Shares of NYSE RH opened at $258.52 on Tuesday. The business has a 50-day simple moving average of $350.53 and a two-hundred day simple moving average of $352.39. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The company has a market cap of $4.81 billion, a P/E ratio of 74.29, a P/E/G ratio of 2.65 and a beta of 2.50.

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.