Pursue Wealth Partners LLC Invests $329,000 in RH (NYSE:RH)

Pursue Wealth Partners LLC acquired a new stake in RH (NYSE:RH - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,404 shares of the company's stock, valued at approximately $329,000.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its position in shares of RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. GAMMA Investing LLC boosted its holdings in RH by 146.1% during the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after acquiring an additional 111 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of RH in the 1st quarter worth approximately $45,000. Finally, Pingora Partners LLC purchased a new stake in RH during the fourth quarter worth about $79,000. Institutional investors own 90.17% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on RH shares. Wells Fargo & Company set a $275.00 target price on RH in a report on Friday, June 13th. Morgan Stanley dropped their target price on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Robert W. Baird raised 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. Finally, Telsey Advisory Group dropped their target price on shares of RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, RH presently has a consensus rating of "Hold" and an average price target of $271.56.

RH Price Performance

Shares of RH stock traded down $1.89 during trading on Tuesday, hitting $184.33. 1,361,029 shares of the stock were exchanged, compared to its average volume of 1,033,664. The firm's 50-day moving average price is $186.35 and its 200 day moving average price is $284.52. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 0.53 and a beta of 2.19. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

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, topping the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The company had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, research analysts forecast 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.