Union Square Park Capital Management LLC Sells 3,285 Shares of RH (NYSE:RH)

Union Square Park Capital Management LLC lowered its stake in shares of RH (NYSE:RH - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,000 shares of the company's stock after selling 3,285 shares during the period. RH accounts for about 5.6% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. Union Square Park Capital Management LLC owned approximately 0.12% of RH worth $8,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its holdings in RH by 61.3% in the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company's stock worth $3,598,000 after buying an additional 3,473 shares during the last quarter. Deutsche Bank AG raised its position in shares of RH by 607.9% in the fourth quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock valued at $3,725,000 after buying an additional 8,127 shares during the last quarter. Sterling Capital Management LLC grew its stake in RH by 49.7% during the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company's stock valued at $300,000 after acquiring an additional 253 shares in the last quarter. Victory Capital Management Inc. lifted its stake in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock worth $19,949,000 after purchasing an additional 445 shares in the last quarter. Finally, L.M. Kohn & Company purchased a new stake in shares of RH in the fourth quarter valued at approximately $289,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Trading Down 1.2%

RH stock traded down $2.16 during trading on Friday, hitting $185.10. 936,228 shares of the company's stock were exchanged, compared to its average volume of 978,539. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The business has a 50-day moving average price of $196.05 and a two-hundred day moving average price of $311.08. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 2.65 and a beta of 2.36.

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, equities research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America raised their target price on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. Citigroup restated a "neutral" rating and issued a $200.00 target price (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. UBS Group lowered their target price on shares of RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wedbush dropped their target price 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. Finally, Robert W. Baird reduced their target price 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $275.94.

About RH

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.