Universal Beteiligungs und Servicegesellschaft mbH Invests $1.60 Million in RH (NYSE:RH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $1.60 million in RH, acquiring 6,836 shares, as per its latest SEC filing.
• RH's recent quarterly earnings report exceeded expectations, with an EPS of $0.13 compared to a consensus estimate of ($0.07).
• Wall Street analysts have mixed views on RH, with a consensus rating of "Hold" and a target price averaging at $270.35.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in RH (NYSE:RH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,836 shares of the company's stock, valued at approximately $1,602,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC lifted its stake in RH by 61.3% in the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company's stock valued at $3,598,000 after purchasing an additional 3,473 shares during the last quarter. Norges Bank purchased a new position in RH in the fourth quarter valued at approximately $54,314,000. Pictet Asset Management Holding SA lifted its stake in RH by 16.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company's stock valued at $888,000 after purchasing an additional 314 shares during the last quarter. California Public Employees Retirement System lifted its stake in RH by 20.9% in the fourth quarter. California Public Employees Retirement System now owns 23,296 shares of the company's stock valued at $9,169,000 after purchasing an additional 4,031 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in RH in the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

RH has been the topic of several recent research reports. Zelman & Associates dropped their target price on RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 9th. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of RH in a research report on Wednesday, July 2nd. Robert W. Baird increased their target price on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Stifel Nicolaus dropped their target price on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Barclays dropped their target price on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $270.35.

RH Trading Down 1.1%

RH stock opened at $205.48 on Friday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The firm has a 50-day moving average of $193.89 and a 200-day moving average of $247.15. The firm has a market cap of $3.85 billion, a P/E ratio of 48.92, a P/E/G ratio of 0.60 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.57% and a negative return on equity of 67.71%. The business had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the business posted ($0.40) earnings per share. RH's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

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.

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