Janney Montgomery Scott LLC Boosts Position in RH (NYSE:RH)

Janney Montgomery Scott LLC grew its position in shares of RH (NYSE:RH - Free Report) by 786.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,021 shares of the company's stock after acquiring an additional 10,665 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of RH worth $2,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of RH. Sunbelt Securities Inc. raised its stake in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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. purchased a new stake in RH in the 1st quarter valued at $45,000. Finally, Pingora Partners LLC purchased a new stake in RH in the 4th quarter valued at $79,000. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Price Performance

Shares of NYSE RH traded up $2.98 during trading on Wednesday, reaching $187.00. 891,460 shares of the stock traded hands, compared to its average volume of 1,033,199. The stock has a market capitalization of $3.50 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 0.53 and a beta of 2.19. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The company has a 50-day moving average of $186.84 and a 200-day moving average of $283.83.

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, topping the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.40) earnings per share. Analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RH. JPMorgan Chase & Co. cut their price objective on shares of RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Guggenheim cut their price target on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Telsey Advisory Group reduced their price objective on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. The Goldman Sachs Group lowered shares of RH from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $199.00 to $179.00 in a research note on Tuesday. Finally, Citigroup restated a "neutral" rating and issued a $200.00 target price (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.