PKO Investment Management Joint Stock Co Makes New $590,000 Investment in RH (NYSE:RH)

PKO Investment Management Joint Stock Co acquired a new stake in RH (NYSE:RH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the company's stock, valued at approximately $590,000.

A number of other large investors have also recently added to or reduced their stakes in RH. Janney Montgomery Scott LLC lifted its holdings in RH by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company's stock valued at $534,000 after acquiring an additional 52 shares during the last quarter. KBC Group NV lifted its stake in RH by 47.4% during the fourth quarter. KBC Group NV now owns 669 shares of the company's stock worth $263,000 after purchasing an additional 215 shares in the last quarter. R Squared Ltd acquired a new position in RH during the fourth quarter worth $130,000. Spire Wealth Management acquired a new position in RH during the fourth quarter worth $80,000. Finally, Retirement Systems of Alabama lifted its stake in RH by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 18,204 shares of the company's stock worth $7,165,000 after purchasing an additional 55 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RH shares. Wells Fargo & Company decreased their price target on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Guggenheim reduced their price objective on RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reduced their price objective on RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. Finally, Bank of America increased their price objective on RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $275.94.

RH Trading Down 7.7%

NYSE:RH traded down $13.95 during trading hours on Monday, hitting $167.16. The company's stock had a trading volume of 2,068,142 shares, compared to its average volume of 986,843. The stock has a fifty day moving average of $187.90 and a 200-day moving average of $303.72. The stock has a market capitalization of $3.13 billion, a P/E ratio of 48.03, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. RH has a 52-week low of $123.03 and a 52-week high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to analysts' expectations of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. On average, sell-side analysts forecast that RH will post 4.39 earnings per share for the current year.

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.