6,038 Shares in RH (NYSE:RH) Acquired by Aveo Capital Partners LLC

Key Points

• Aveo Capital Partners LLC purchased 6,038 shares of RH valued at approximately $1.415 million, according to their latest SEC filing.
• Institutional investors collectively hold 90.17% of RH's stock, with several funds increasing their positions in recent quarters.
• JPMorgan Chase & Co. and other analysts have revised RH's target price, with estimates ranging from $215 to $510, reflecting varying perspectives on the stock's potential.

Aveo Capital Partners LLC purchased a new position in shares of RH (NYSE:RH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,038 shares of the company's stock, valued at approximately $1,415,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RH. O Shaughnessy Asset Management LLC acquired a new position in RH during the 4th quarter worth approximately $211,000. Envestnet Asset Management Inc. raised its position in shares of RH by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,958 shares of the company's stock valued at $1,951,000 after purchasing an additional 147 shares in the last quarter. Cerity Partners LLC raised its position in shares of RH by 14.9% in the 4th quarter. Cerity Partners LLC now owns 2,968 shares of the company's stock valued at $1,133,000 after purchasing an additional 384 shares in the last quarter. Invesco Ltd. raised its position in shares of RH by 69.4% in the 4th quarter. Invesco Ltd. now owns 179,820 shares of the company's stock valued at $70,775,000 after purchasing an additional 73,690 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of RH in the 4th quarter valued at approximately $5,440,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Zelman & Associates cut their target price on RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 9th. Wells Fargo & Company set a $275.00 price target on RH in a research report on Friday, June 13th. Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of RH in a research report on Wednesday, July 2nd. Finally, UBS Group dropped their price target on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $270.35.

RH Price Performance

Shares of RH opened at $214.92 on Friday. The company has a market cap of $4.03 billion, a P/E ratio of 51.17, a PEG ratio of 0.62 and a beta of 2.16. The stock has a fifty day moving average price of $197.26 and a 200 day moving average price of $236.45. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The firm had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. During the same period in the prior year, the business earned ($0.40) EPS. The firm's revenue was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that RH will post 4.39 earnings per share for the current year.

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.

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