RH (NYSE:RH) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of RH (NYSE:RH - Free Report) by 57,577.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,835 shares of the company's stock after buying an additional 43,759 shares during the quarter. GAMMA Investing LLC owned 0.24% of RH worth $10,275,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of RH by 0.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock worth $1,524,000 after buying an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in RH by 6.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock worth $216,000 after acquiring an additional 31 shares in the last quarter. US Bancorp DE lifted its position in shares of RH by 14.6% during the 4th quarter. US Bancorp DE now owns 283 shares of the company's stock worth $111,000 after purchasing an additional 36 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of RH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 6,546 shares of the company's stock worth $2,576,000 after purchasing an additional 40 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of RH by 1.0% during the fourth quarter. Arizona State Retirement System now owns 4,291 shares of the company's stock worth $1,689,000 after purchasing an additional 42 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on 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 decreased their target price on RH from $300.00 to $250.00 and set an "overweight" rating for the company in a research note on Monday. Bank of America increased their price target on shares of RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research note on Wednesday, May 14th. Guggenheim cut their price objective on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of RH from $276.00 to $194.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $270.00.

RH Trading Up 0.7%

Shares of NYSE RH traded up $1.38 during midday trading on Monday, reaching $184.85. 1,278,986 shares of the company were exchanged, compared to its average volume of 999,845. The stock has a market cap of $3.46 billion, a P/E ratio of 53.12, a PEG ratio of 2.65 and a beta of 2.19. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock has a fifty day simple moving average of $183.11 and a 200 day simple moving average of $299.46.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million during the quarter, compared to analysts' expectations of $828.21 million. During the same quarter last year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts forecast 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.