Eisler Capital Management Ltd. Acquires New Holdings in RH (NYSE:RH)

Eisler Capital Management Ltd. purchased a new stake in RH (NYSE:RH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,879 shares of the company's stock, valued at approximately $2,326,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its holdings in RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after acquiring an additional 346,050 shares during the last quarter. Norges Bank purchased a new position in RH in the 4th quarter valued at approximately $54,314,000. Raymond James Financial Inc. purchased a new position in RH in the 4th quarter valued at approximately $52,190,000. Freestone Grove Partners LP purchased a new stake in shares of RH during the 4th quarter worth $44,744,000. Finally, American Century Companies Inc. lifted its position in shares of RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after purchasing an additional 101,160 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RH. Loop Capital reduced their price target on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Morgan Stanley lowered their target price on shares of RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Barclays lowered their price target on shares of RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, RH has an average rating of "Hold" and a consensus price target of $273.31.

RH Trading Up 16.6%

RH stock traded up $32.30 during mid-day trading on Monday, hitting $226.58. 2,344,882 shares of the company were exchanged, compared to its average volume of 963,655. The company has a market capitalization of $4.24 billion, a PE ratio of 65.11, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The firm has a fifty day simple moving average of $202.35 and a 200 day simple moving average of $317.98.

RH (NYSE:RH - Get Free Report) last posted 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 the consensus estimate of $828.21 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that RH will post 4.39 earnings per share for the current 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.