Blueshift Asset Management LLC Purchases Shares of 4,598 RH (NYSE:RH)

Key Points

• Blueshift Asset Management LLC made a new investment of approximately $1.08 million in RH, acquiring 4,598 shares in the 1st quarter.
• RH reported a net margin of 2.57% and a revenue increase of 12% year-over-year for the latest quarter, with earnings per share of $0.13 exceeding analysts' expectations.
• Institutions own 90.17% of RH's stock, with several investors increasing their stakes in the company during the previous fourth quarter.

Blueshift Asset Management LLC bought a new stake in shares of RH (NYSE:RH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,598 shares of the company's stock, valued at approximately $1,078,000.

Several other institutional investors have also made changes to their positions in the business. Sunbelt Securities Inc. raised its stake in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after acquiring an additional 69 shares during the last quarter. GAMMA Investing LLC increased its stake in RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after purchasing an additional 111 shares in the last quarter. NBC Securities Inc. bought a new stake in RH in the first quarter valued at approximately $45,000. Pingora Partners LLC bought a new stake in RH in the fourth quarter valued at approximately $79,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of RH by 421.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 219 shares of the company's stock valued at $86,000 after buying an additional 177 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Up 8.1%

RH stock traded up $16.32 during trading hours on Monday, reaching $217.08. 1,453,942 shares of the stock were exchanged, compared to its average volume of 1,334,201. The company has a market cap of $4.07 billion, a P/E ratio of 51.69, a price-to-earnings-growth ratio of 0.58 and a beta of 2.16. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The stock has a 50 day moving average of $194.21 and a two-hundred day moving average of $243.09.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RH. Bank of America upped their price target on shares of RH from $144.00 to $172.00 and gave the company an "underperform" rating in a report on Wednesday, May 14th. Robert W. Baird upped their price target on shares of RH from $215.00 to $230.00 and gave the company a "neutral" rating in a report on Monday, June 16th. JPMorgan Chase & Co. reduced their target price on shares of RH from $510.00 to $250.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company set a $275.00 target price on shares of RH in a report on Friday, June 13th. Finally, Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Three equities 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $270.35.

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.