RH (NYSE:RH) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of RH (NYSE:RH - Free Report) by 146.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,986 shares of the company's stock after buying an additional 2,371 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in RH were worth $934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RH. Retirement Systems of Alabama raised its holdings in shares of RH by 0.7% in the 1st quarter. Retirement Systems of Alabama now owns 18,340 shares of the company's stock valued at $4,299,000 after purchasing an additional 136 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of RH by 786.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,021 shares of the company's stock valued at $2,818,000 after purchasing an additional 10,665 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of RH by 130.0% in the 1st quarter. SG Americas Securities LLC now owns 6,515 shares of the company's stock valued at $1,527,000 after purchasing an additional 28,221 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of RH by 146.1% in the 1st 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. Finally, Vanguard Capital Wealth Advisors bought a new stake in shares of RH in the 1st quarter valued at about $281,000. Institutional investors own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RH. Barclays reduced their price objective on shares of RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Telsey Advisory Group reduced their price objective on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. Stifel Nicolaus reduced their price objective on shares of RH from $450.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Wedbush reduced their price objective on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a research note on Wednesday, March 26th. Finally, Morgan Stanley reduced their price objective on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $271.56.

RH Trading Up 0.3%

Shares of RH stock traded up $0.70 during trading hours on Friday, hitting $206.50. The company's stock had a trading volume of 579,176 shares, compared to its average volume of 1,044,025. The company has a 50 day moving average of $191.45 and a 200 day moving average of $272.34. The stock has a market cap of $3.87 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 0.60 and a beta of 2.17. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results 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. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The firm had revenue of $813.95 million for the quarter, compared to the consensus estimate of $817.66 million. During the same period in the prior year, the firm posted ($0.40) earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

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.