Pacific Capital Partners Ltd Takes $1.47 Million Position in RH (NYSE:RH)

Key Points

• Pacific Capital Partners Ltd has purchased a new stake in RH (NYSE:RH), acquiring 6,272 shares valued at approximately $1.47 million, which constitutes about 0.9% of its total holdings.
• Recent analysis shows a mixed outlook on RH, with Barclays, UBS, Citigroup, and others reducing their price targets, while analysts maintain a consensus rating of "Hold" for the stock.
• RH reported a quarterly earnings surprise with $0.13 EPS exceeding expectations of a loss, and revenue increased by 12% compared to the previous year, highlighting preliminary growth despite market fluctuations.

Pacific Capital Partners Ltd purchased a new position in RH (NYSE:RH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,272 shares of the company's stock, valued at approximately $1,470,000. RH makes up approximately 0.9% of Pacific Capital Partners Ltd's portfolio, making the stock its 29th biggest holding.

Several other large investors also recently modified their holdings of the business. Sunbelt Securities Inc. grew its holdings in shares of RH by 690.0% during 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 grew its holdings in shares of RH by 146.1% during 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. bought a new position in shares of RH during the first quarter worth about $45,000. Pingora Partners LLC bought a new position in shares of RH during the fourth quarter worth about $79,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of RH by 421.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 219 shares of the company's stock worth $86,000 after buying an additional 177 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RH has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating and set a $200.00 price objective (down from $437.00) on shares of RH in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price target on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group cut their price objective on RH from $235.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, June 5th. Robert W. Baird raised their target price on shares of RH from $215.00 to $230.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Barclays decreased their target price on shares of RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $270.35.

RH Price Performance

RH stock traded down $8.03 during midday trading on Friday, reaching $197.59. 281,301 shares of the company were exchanged, compared to its average volume of 1,324,979. The business has a 50-day moving average price of $193.89 and a two-hundred day moving average price of $247.15. RH has a one year low of $123.03 and a one year high of $457.26. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 0.60 and a beta of 2.17.

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