RH (NYSE:RH) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in RH (NYSE:RH) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,257 shares of the company’s stock after acquiring an additional 314 shares during the period. Pictet Asset Management Holding SA’s holdings in RH were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in RH in the fourth quarter worth approximately $54,314,000. Blair William & Co. IL lifted its holdings in shares of RH by 5.4% in the fourth quarter. Blair William & Co. IL now owns 16,014 shares of the company’s stock valued at $6,303,000 after buying an additional 825 shares during the period. Vanguard Group Inc. boosted its stake in RH by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after buying an additional 18,389 shares in the last quarter. LPL Financial LLC raised its position in RH by 61.3% in the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock worth $3,598,000 after acquiring an additional 3,473 shares in the last quarter. Finally, Del Sette Capital Management LLC acquired a new stake in RH in the 4th quarter valued at about $2,189,000. 90.17% of the stock is currently owned by institutional investors.

RH Stock Performance

RH stock opened at $145.37 on Monday. The firm has a 50 day simple moving average of $312.06 and a 200 day simple moving average of $348.44. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The stock has a market cap of $2.70 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the business earned $0.72 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts predict that RH will post 4.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group dropped their target price on shares of RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a report on Thursday. Barclays reduced their price objective on RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America lowered RH from a “buy” rating to an “underperform” rating and cut their target price for the stock from $410.00 to $130.00 in a research report on Thursday. Finally, Guggenheim decreased their price target on RH from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $293.81.

Insiders Place Their Bets

In related news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total value of $10,660,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,880 shares of company stock valued at $24,550,754 in the last three months. Insiders own 28.10% of the company’s stock.

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.