Davidson Kahn Capital Management LLC Purchases 2,152 Shares of RH (NYSE:RH)

Davidson Kahn Capital Management LLC raised its position in shares of RH (NYSE:RH - Free Report) by 26.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,171 shares of the company's stock after purchasing an additional 2,152 shares during the quarter. RH accounts for approximately 1.8% of Davidson Kahn Capital Management LLC's holdings, making the stock its 21st biggest position. Davidson Kahn Capital Management LLC owned about 0.05% of RH worth $2,384,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after purchasing an additional 69 shares during the period. Rakuten Securities Inc. grew its stake in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after purchasing an additional 72 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 111 shares during the period. NBC Securities Inc. bought a new position in shares of RH during the 1st quarter valued at approximately $45,000. Finally, Pingora Partners LLC bought a new position in shares of RH during the 4th quarter valued at approximately $79,000. 90.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America boosted their price objective on RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research note on Wednesday, May 14th. Stifel Nicolaus cut their price objective on RH from $450.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Telsey Advisory Group cut their price objective on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. Morgan Stanley cut their price objective on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Citigroup reiterated a "neutral" rating and set a $200.00 price objective (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $272.50.

RH Price Performance

Shares of RH opened at $186.55 on Tuesday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 0.54 and a beta of 2.19. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business's 50 day simple moving average is $186.35 and its 200-day simple moving average is $284.52.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. The business had revenue of $813.95 million for the quarter, compared to analysts' expectations 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 for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.40) EPS. On average, sell-side analysts expect 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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