NorthRock Partners LLC Invests $727,000 in RH (NYSE:RH)

NorthRock Partners LLC purchased a new stake in RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,846 shares of the company's stock, valued at approximately $727,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in 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 purchasing an additional 29 shares during the period. Steward Partners Investment Advisory LLC increased its position 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 purchasing an additional 31 shares during the period. Insight Advisors LLC PA grew its holdings in shares of RH by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock worth $571,000 after acquiring an additional 33 shares during the period. US Bancorp DE grew its holdings in shares of RH by 14.6% in the 4th quarter. US Bancorp DE now owns 283 shares of the company's stock worth $111,000 after acquiring an additional 36 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Down 3.1%

Shares of NYSE:RH traded down $6.48 during midday trading on Monday, reaching $203.54. The company's stock had a trading volume of 1,159,948 shares, compared to its average volume of 973,348. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 58.49, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business has a 50 day moving average price of $198.31 and a 200 day moving average price of $314.44.

RH (NYSE:RH - Get Free Report) last issued its quarterly 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 negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period in the previous year, the business posted $0.72 earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RH. Wells Fargo & Company lowered their price target on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price target on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus lowered their price target on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Barclays lowered their price target on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Citigroup restated a "neutral" rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $275.94.

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.