Blair William & Co. IL Acquires 3,349 Shares of RH (NYSE:RH)

Key Points

• Blair William & Co. IL increased its holdings in RH by 20.9%, acquiring an additional 3,349 shares during the first quarter, bringing their total to 19,363 shares valued at approximately $4.54 million.
• Several large investors, including Victory Capital Management Inc. and Invesco Ltd., also significantly raised their stakes in RH, demonstrating substantial institutional interest in the company.
• Analysts have varied opinions on RH's stock performance, with price targets ranging from $215 to $300 and an average rating of "Hold" based on recent reports.

Blair William & Co. IL lifted its holdings in shares of RH (NYSE:RH - Free Report) by 20.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,363 shares of the company's stock after purchasing an additional 3,349 shares during the period. Blair William & Co. IL owned 0.10% of RH worth $4,539,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. LPL Financial LLC grew its holdings in RH by 61.3% during the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company's stock worth $3,598,000 after acquiring an additional 3,473 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of RH in the 4th quarter valued at about $211,000. Wellington Management Group LLP raised its position in shares of RH by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company's stock valued at $17,664,000 after acquiring an additional 5,506 shares during the period. Envestnet Asset Management Inc. boosted its stake in RH by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,958 shares of the company's stock worth $1,951,000 after acquiring an additional 147 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in RH by 421.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 219 shares of the company's stock valued at $86,000 after purchasing an additional 177 shares during the period. Institutional investors own 90.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RH. UBS Group reduced their price target on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. JPMorgan Chase & Co. decreased their target price on RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered RH from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $199.00 to $179.00 in a research report on Tuesday, June 24th. Wells Fargo & Company set a $275.00 price objective on RH in a research report on Friday, June 13th. Finally, Guggenheim restated a "buy" rating and set a $300.00 target price on shares of RH in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, RH currently has a consensus rating of "Hold" and an average target price of $270.35.

RH Stock Performance

RH traded up $1.86 during trading hours on Friday, reaching $214.92. The company's stock had a trading volume of 613,702 shares, compared to its average volume of 1,321,627. The company's 50-day moving average is $197.26 and its 200-day moving average is $237.87. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a market cap of $4.03 billion, a PE ratio of 51.17, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16.

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

RH 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.