Castle Hook Partners LP Buys Shares of 62,856 RH (NYSE:RH)

Castle Hook Partners LP bought a new stake in RH (NYSE:RH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 62,856 shares of the company's stock, valued at approximately $24,739,000. Castle Hook Partners LP owned about 0.34% of RH as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. UMB Bank n.a. raised its position in RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after buying an additional 39 shares during the last quarter. Versant Capital Management Inc raised its holdings in RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after purchasing an additional 70 shares in the last quarter. GAMMA Investing LLC lifted its position in RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after purchasing an additional 64 shares during the period. Rakuten Securities Inc. lifted its position in 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 purchasing an additional 72 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in RH in the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Trading Down 1.1 %

RH traded down $2.22 during midday trading on Friday, hitting $194.38. The company's stock had a trading volume of 889,615 shares, compared to its average volume of 956,384. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The firm has a 50-day moving average price of $202.35 and a two-hundred day moving average price of $318.09. The firm has a market cap of $3.64 billion, a P/E ratio of 55.86, a PEG ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share 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 firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. On average, equities analysts expect that RH will post 4.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RH. Wells Fargo & Company decreased their price target on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Loop Capital decreased their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Stifel Nicolaus cut their price target on shares of RH from $450.00 to $390.00 and set a "buy" rating for the company in a report on Monday, April 7th. Guggenheim decreased their price objective on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Wedbush lowered their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $273.31.

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.