Montag A & Associates Inc. Makes New Investment in RH (NYSE:RH)

Montag A & Associates Inc. purchased a new position in RH (NYSE:RH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,338 shares of the company's stock, valued at approximately $1,017,000.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of RH by 61.3% during the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company's stock valued at $3,598,000 after purchasing an additional 3,473 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in RH by 146.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company's stock worth $934,000 after acquiring an additional 2,371 shares in the last quarter. Deutsche Bank AG grew its position in RH by 607.9% in the fourth quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock worth $3,725,000 after acquiring an additional 8,127 shares in the last quarter. Sterling Capital Management LLC grew its position in RH by 49.7% in the fourth quarter. Sterling Capital Management LLC now owns 762 shares of the company's stock worth $300,000 after acquiring an additional 253 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in RH by 16.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company's stock valued at $888,000 after buying an additional 314 shares during the period. Institutional investors own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of RH from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Citigroup reaffirmed 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. Telsey Advisory Group decreased their price target 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 decreased their price target 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. Finally, Robert W. Baird upped their price objective on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $270.35.

RH Stock Performance

Shares of RH stock traded down $5.62 on Thursday, reaching $215.38. 328,344 shares of the company were exchanged, compared to its average volume of 1,348,737. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 51.26, a P/E/G ratio of 0.62 and a beta of 2.17. The business has a 50-day moving average price of $192.91 and a 200 day moving average price of $255.40. RH has a 1 year low of $123.03 and a 1 year high of $457.26.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (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 company had revenue of $813.95 million during the quarter, compared to analysts' expectations of $817.66 million. During the same quarter in the prior year, the company earned ($0.40) EPS. RH's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that RH will post 4.39 earnings per share for the current 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.