Allspring Global Investments Holdings LLC Purchases 12,460 Shares of RH (NYSE:RH)

Allspring Global Investments Holdings LLC increased its position in shares of RH (NYSE:RH - Free Report) by 5.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 258,331 shares of the company's stock after acquiring an additional 12,460 shares during the period. Allspring Global Investments Holdings LLC owned about 1.38% of RH worth $61,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company's stock worth $1,098,240,000 after acquiring an additional 18,040 shares during the period. Vanguard Group Inc. boosted its holdings in RH by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company's stock valued at $551,817,000 after acquiring an additional 18,389 shares during the last quarter. Anomaly Capital Management LP boosted its holdings in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company's stock valued at $189,360,000 after acquiring an additional 41,986 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in RH by 1,960.8% in the fourth 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. Finally, Senvest Management LLC boosted its holdings in RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company's stock valued at $124,126,000 after acquiring an additional 82,742 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

Wall Street Analyst Weigh In

RH has been the topic of several analyst reports. Barclays reduced their target price on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Stifel Nicolaus cut their target price on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Morgan Stanley cut their target price on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company set a $275.00 target price on RH in a research report on Friday, June 13th. Finally, Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Three research 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. According to MarketBeat, RH presently has a consensus rating of "Hold" and an average target price of $271.56.

RH Stock Performance

RH stock opened at $190.97 on Monday. The stock's 50 day simple moving average is $188.76 and its 200 day simple moving average is $278.87. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The company has a market cap of $3.58 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 0.54 and a beta of 2.19.

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 the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) earnings per share. Equities analysts predict 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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