Edgestream Partners L.P. Invests $3.95 Million in RH (NYSE:RH)

Edgestream Partners L.P. purchased a new stake in RH (NYSE:RH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,854 shares of the company's stock, valued at approximately $3,951,000. Edgestream Partners L.P. owned 0.09% of RH as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its position in RH by 0.7% in the 4th quarter. FMR LLC now owns 2,790,314 shares of the company's stock valued at $1,098,240,000 after acquiring an additional 18,040 shares during the period. Vanguard Group Inc. increased its position in RH by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company's stock valued at $551,817,000 after acquiring an additional 18,389 shares during the period. Anomaly Capital Management LP increased its position in RH by 9.6% in the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company's stock valued at $189,360,000 after acquiring an additional 41,986 shares during the period. Alliancebernstein L.P. increased its position in RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after acquiring an additional 346,050 shares during the period. Finally, Senvest Management LLC increased its position in RH by 35.6% in the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company's stock valued at $124,126,000 after acquiring an additional 82,742 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Performance

Shares of RH stock traded down $1.37 during trading hours on Friday, reaching $195.40. The company's stock had a trading volume of 139,182 shares, compared to its average volume of 1,353,278. The stock's fifty day simple moving average is $193.68 and its two-hundred day simple moving average is $260.67. RH has a one year low of $123.03 and a one year high of $457.26. The company has a market capitalization of $3.66 billion, a P/E ratio of 46.52, a P/E/G ratio of 0.55 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating 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 company had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the firm earned ($0.40) earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on RH. Morgan Stanley reduced their price objective on shares of RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Wells Fargo & Company set a $275.00 price objective on shares of RH in a research note on Friday, June 13th. Telsey Advisory Group reduced their price objective on shares of RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. Barclays reduced their price objective on shares of RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Zelman & Associates reduced their price objective on shares of RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, RH currently has a consensus rating of "Hold" and an average target price of $270.35.

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.