Kingsview Wealth Management LLC Acquires Shares of 5,831 RH (NYSE:RH)

Kingsview Wealth Management LLC purchased a new stake in shares of RH (NYSE:RH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,831 shares of the company's stock, valued at approximately $1,367,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted 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 buying an additional 69 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after buying an additional 111 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of RH in the first quarter worth about $45,000. Pingora Partners LLC purchased a new position in shares of RH in the fourth quarter worth about $79,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of RH in the fourth quarter worth about $80,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Price Performance

Shares of NYSE:RH traded up $17.69 during trading on Tuesday, hitting $212.36. 1,922,752 shares of the company were exchanged, compared to its average volume of 1,063,421. The stock has a market capitalization of $3.98 billion, a P/E ratio of 50.56, a PEG ratio of 0.57 and a beta of 2.17. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The firm's 50 day moving average price is $193.71 and its 200-day moving average price is $257.41.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $817.66 million. During the same quarter in the prior year, the firm earned ($0.40) EPS. RH's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that RH will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RH. The Goldman Sachs Group downgraded shares of RH from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $199.00 to $179.00 in a research note on Tuesday, June 24th. Zelman & Associates reduced their target price 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. Loop Capital reduced their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Barclays reduced their target price 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, Telsey Advisory Group dropped their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.