Corient Private Wealth LLC Grows Stake in RH (NYSE:RH)

Corient Private Wealth LLC increased its holdings in shares of RH (NYSE:RH) by 79.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,442 shares of the company’s stock after acquiring an additional 638 shares during the quarter. Corient Private Wealth LLC’s holdings in RH were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RH. PNC Financial Services Group Inc. lifted its position in shares of RH by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company’s stock worth $1,524,000 after buying an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in RH by 6.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock worth $216,000 after acquiring an additional 31 shares in the last quarter. Insight Advisors LLC PA boosted its stake in RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company’s stock valued at $571,000 after acquiring an additional 33 shares in the last quarter. US Bancorp DE grew its holdings in shares of RH by 14.6% during the fourth quarter. US Bancorp DE now owns 283 shares of the company’s stock worth $111,000 after purchasing an additional 36 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Price Performance

RH opened at $236.26 on Friday. RH has a 12 month low of $212.04 and a 12 month high of $457.26. The stock has a market capitalization of $4.40 billion, a P/E ratio of 67.89, a P/E/G ratio of 2.65 and a beta of 2.50. The business has a 50 day simple moving average of $335.63 and a 200-day simple moving average of $350.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RH. Loop Capital upped their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Robert W. Baird raised their target price on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Guggenheim cut their target price on shares of RH from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush lowered their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Telsey Advisory Group reduced their target price on shares of RH from $500.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, RH presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.25.

Insiders Place Their Bets

In related news, Director Keith Belling sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,380 shares of company stock worth $28,922,379. 28.10% of the stock is owned by corporate 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.