Gateway Investment Advisers LLC Invests $3.57 Million in RH (NYSE:RH)

Gateway Investment Advisers LLC acquired a new stake in shares of RH (NYSE:RH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,070 shares of the company’s stock, valued at approximately $3,570,000.

Several other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in 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 purchasing an additional 70 shares in the last quarter. GAMMA Investing LLC increased its position in 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 buying an additional 64 shares in the last quarter. Blue Trust Inc. raised its position in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Centaurus Financial Inc. purchased a new position in RH in the 3rd quarter worth $100,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in RH in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Performance

Shares of NYSE RH opened at $446.05 on Friday. The firm’s 50 day moving average price is $387.30 and its 200 day moving average price is $325.17. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm has a market cap of $8.30 billion, a P/E ratio of 128.17, a price-to-earnings-growth ratio of 9.52 and a beta of 2.43.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.42) earnings per share. As a group, equities analysts predict that RH will post 4.35 EPS for the current year.

Insider Activity

In other RH news, Director Keith Belling sold 500 shares of RH stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $426.41, for a total transaction of $10,660,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,000 shares of company stock valued at $15,239,375. Company insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RH. Robert W. Baird boosted their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Wells Fargo & Company raised their price objective on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus increased their target price on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $421.73.

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.