Blair William & Co. IL Raises Stock Holdings in 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% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,363 shares of the company's stock after purchasing an additional 3,349 shares during the quarter. Blair William & Co. IL owned about 0.10% of RH worth $4,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RH. Sunbelt Securities Inc. boosted its position in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after buying an additional 69 shares during the period. GAMMA Investing LLC boosted its holdings in RH by 146.1% during the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after acquiring an additional 111 shares during the period. NBC Securities Inc. acquired a new position in RH in the 1st quarter valued at about $45,000. Pingora Partners LLC purchased a new stake in RH during the fourth quarter worth about $79,000. Finally, Golden State Wealth Management LLC lifted its position in shares of RH by 100.6% during the first quarter. Golden State Wealth Management LLC now owns 347 shares of the company's stock worth $81,000 after purchasing an additional 174 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Performance

Shares of NYSE:RH traded up $1.86 during midday trading on Friday, hitting $214.92. 613,702 shares of the company's stock traded hands, compared to its average volume of 1,067,619. The firm's fifty day moving average price is $197.26 and its two-hundred day moving average price is $236.45. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a market cap of $4.03 billion, a PE ratio of 51.17, a P/E/G ratio of 0.62 and a beta of 2.16.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.20. The company 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 revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.40) earnings per share. As a group, equities research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of RH in a research report on Wednesday, July 2nd. Robert W. Baird lifted their target price on RH from $215.00 to $230.00 and gave the company a "neutral" rating in a report on Monday, June 16th. UBS Group cut their price target on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th. Zelman & Associates decreased their price objective on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research note on Wednesday, July 9th. Finally, The Goldman Sachs Group lowered shares of RH from a "neutral" rating to a "sell" rating and cut their target price for the stock from $199.00 to $179.00 in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, RH has an average rating of "Hold" and an average target price of $270.35.

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.