Asset Management One Co. Ltd. Invests $234,000 in RH (NYSE:RH)

Asset Management One Co. Ltd. purchased a new position in shares of RH (NYSE:RH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 779 shares of the company’s stock, valued at approximately $234,000.

Several other large investors also recently made changes to their positions in the stock. Cetera Advisors LLC boosted its stake in shares of RH by 2.4% during the 4th quarter. Cetera Advisors LLC now owns 1,350 shares of the company’s stock worth $361,000 after acquiring an additional 32 shares in the last quarter. KB Financial Partners LLC boosted its stake in shares of RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of RH by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock worth $851,000 after acquiring an additional 56 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in shares of RH by 1.2% during the 3rd quarter. Venture Visionary Partners LLC now owns 4,813 shares of the company’s stock worth $1,272,000 after acquiring an additional 58 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its position in shares of RH by 51.7% during the 4th quarter. Money Concepts Capital Corp now owns 217 shares of the company’s stock worth $58,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

RH has been the subject of several research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $335.00 price objective (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. Robert W. Baird boosted their price objective on RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Barclays boosted their price objective on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their price objective on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research report on Monday, April 1st. Finally, Wedbush boosted their price objective on RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $332.15.

RH Trading Down 4.5 %

RH stock opened at $255.18 on Friday. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The firm has a market cap of $4.67 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.94 and a beta of 2.46. The business’s 50 day moving average is $279.40 and its 200-day moving average is $267.78.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The company had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same quarter in the prior year, the company posted $2.88 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Sell-side analysts forecast that RH will post 9.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is owned by corporate insiders.

About RH

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.