RH (NYSE:RH) Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its stake in RH (NYSE:RH - Free Report) by 321.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,700 shares of the company's stock after buying an additional 13,500 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.10% of RH worth $6,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RH. PNC Financial Services Group Inc. increased its stake in RH by 0.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock valued at $1,524,000 after purchasing an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock worth $216,000 after buying an additional 31 shares in the last quarter. Insight Advisors LLC PA boosted its position in shares of RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock worth $571,000 after purchasing an additional 33 shares during the period. US Bancorp DE raised its holdings in RH by 14.6% during the fourth quarter. US Bancorp DE now owns 283 shares of the company's stock valued at $111,000 after acquiring an additional 36 shares during the period. Finally, UMB Bank n.a. grew its stake in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 90.17% of the company's stock.

RH Stock Down 1.6%

Shares of RH stock traded down $3.00 during trading hours on Friday, hitting $181.14. The company's stock had a trading volume of 790,795 shares, compared to its average volume of 982,477. The business has a fifty day moving average of $189.43 and a 200 day moving average of $304.89. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market capitalization of $3.39 billion, a PE ratio of 52.05, a P/E/G ratio of 2.65 and a beta of 2.36.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Citigroup restated a "neutral" rating and set a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Wedbush decreased their price target on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Telsey Advisory Group decreased their target price on RH from $420.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Finally, Robert W. Baird lowered their price target on shares of RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, RH presently has an average rating of "Hold" and an average target price of $275.94.

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.