RH (NYSE:RH) Shares Purchased by Narwhal Capital Management

Narwhal Capital Management increased its position in RH (NYSE:RH - Free Report) by 97.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,198 shares of the company's stock after acquiring an additional 7,009 shares during the quarter. Narwhal Capital Management owned about 0.08% of RH worth $3,328,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pursue Wealth Partners LLC purchased a new position in shares of RH during the first quarter worth about $329,000. Cambridge Investment Research Advisors Inc. lifted its position in RH by 146.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company's stock valued at $934,000 after purchasing an additional 2,371 shares during the last quarter. Retirement Systems of Alabama grew its stake in RH by 0.7% in the 1st quarter. Retirement Systems of Alabama now owns 18,340 shares of the company's stock worth $4,299,000 after buying an additional 136 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in RH by 786.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,021 shares of the company's stock worth $2,818,000 after buying an additional 10,665 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of RH by 130.0% in the 1st quarter. SG Americas Securities LLC now owns 6,515 shares of the company's stock worth $1,527,000 after buying an additional 28,221 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Stock Up 1.6%

Shares of RH traded up $2.98 during mid-day trading on Wednesday, hitting $187.00. 888,321 shares of the company traded hands, compared to its average volume of 1,033,087. The business has a 50 day moving average of $186.84 and a 200 day moving average of $283.83. The company has a market capitalization of $3.50 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 0.53 and a beta of 2.19. RH has a 1-year low of $123.03 and a 1-year high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) EPS. As a group, research analysts expect that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RH has been the subject of a number of research analyst reports. Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group reduced their price objective on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. Morgan Stanley cut their target price on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company set a $275.00 price objective on RH in a research report on Friday, June 13th. Finally, Telsey Advisory Group dropped 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $271.56.

RH 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.