Shelton Wealth Management LLC Takes $1.70 Million Position in RH (NYSE:RH)

Shelton Wealth Management LLC acquired a new position in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,306 shares of the company’s stock, valued at approximately $1,695,000. RH accounts for approximately 0.9% of Shelton Wealth Management LLC’s investment portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anomaly Capital Management LP lifted its position in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after purchasing an additional 291,368 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after buying an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in RH by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after buying an additional 18,563 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock worth $61,814,000 after acquiring an additional 38,572 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

NYSE:RH opened at $446.05 on Friday. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 128.17, a price-to-earnings-growth ratio of 9.52 and a beta of 2.43. The firm’s fifty 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.

RH (NYSE:RH) last announced 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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the business earned ($0.42) EPS. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that RH will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on RH. Stifel Nicolaus upped their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Loop Capital upped their target price on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Robert W. Baird lifted their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and set a $500.00 target price on shares of RH in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of “Hold” and an average target price of $421.73.

Insider Activity at RH

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares in the company, valued at $2,270,050. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated 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. Insiders have sold a total of 36,000 shares of company stock worth $15,239,375 over the last three months. 28.10% of the stock is currently 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.