2,790 Shares in RH (NYSE:RH) Bought by Algert Global LLC

Algert Global LLC acquired a new stake in shares of RH (NYSE:RH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,790 shares of the company's stock, valued at approximately $1,098,000.

Several other institutional investors have also modified their holdings of the stock. UMB Bank n.a. increased its position in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after buying an additional 64 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of RH in the fourth quarter worth about $68,000. Finally, Pingora Partners LLC purchased a new stake in RH during the 4th quarter valued at about $79,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of RH from $375.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of RH from $510.00 to $250.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup reiterated a "neutral" rating and issued a $200.00 price objective (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Guggenheim cut their target price on RH from $500.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus decreased their price target on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $273.31.

RH Price Performance

Shares of NYSE:RH opened at $194.38 on Friday. The stock has a market cap of $3.64 billion, a P/E ratio of 55.86, a P/E/G 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 firm has a fifty day moving average price of $202.35 and a 200 day moving average price of $318.04.

RH (NYSE:RH - Get Free Report) last released 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). The company had revenue of $812.41 million for the quarter, compared to analysts' expectations of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. Sell-side analysts expect that RH will post 4.39 EPS for the current fiscal year.

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.

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