Tabor Asset Management LP bought a new position in RH (NYSE:RH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,089 shares of the company's stock, valued at approximately $5,152,000. RH comprises 2.5% of Tabor Asset Management LP's portfolio, making the stock its 17th largest position. Tabor Asset Management LP owned approximately 0.07% of RH as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sender Co & Partners Inc. lifted its stake in RH by 283.8% during the 4th quarter. Sender Co & Partners Inc. now owns 4,252 shares of the company's stock valued at $1,674,000 after acquiring an additional 3,144 shares during the period. Riverview Capital Advisers LLC acquired a new position in RH during the fourth quarter valued at $216,000. Polar Asset Management Partners Inc. lifted its position in RH by 321.4% during the fourth quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company's stock valued at $6,967,000 after purchasing an additional 13,500 shares during the period. ProShare Advisors LLC boosted its holdings in RH by 7.5% in the fourth quarter. ProShare Advisors LLC now owns 700 shares of the company's stock valued at $276,000 after purchasing an additional 49 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in RH by 98.0% during the 4th quarter. Quantinno Capital Management LP now owns 3,614 shares of the company's stock worth $1,422,000 after purchasing an additional 1,789 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.
Analyst Upgrades and Downgrades
RH has been the topic of a number of recent research reports. UBS Group lowered their target price on RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wedbush lowered their price objective on RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Loop Capital cut their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a report on Friday, April 4th. Citigroup reiterated a "neutral" rating and issued a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Finally, Bank of America raised their price target on shares of RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, RH has an average rating of "Hold" and an average price target of $275.94.
Check Out Our Latest Stock Analysis on RH
RH Price Performance
Shares of RH stock opened at $209.49 on Monday. The stock has a market capitalization of $3.92 billion, a P/E ratio of 60.20, a PEG ratio of 2.65 and a beta of 2.36. The business has a 50 day simple moving average of $198.31 and a two-hundred day simple moving average of $314.44. RH has a 12 month low of $123.03 and a 12 month high of $457.26.
RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 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 firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.
RH Company Profile
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Free Report)
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.
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