RH (NYSE:RH) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in RH (NYSE:RH - Free Report) by 225.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,127 shares of the company's stock after acquiring an additional 114,443 shares during the quarter. Victory Capital Management Inc. owned approximately 0.88% of RH worth $38,707,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC grew its position in shares of RH by 79.4% during the fourth quarter. Corient Private Wealth LLC now owns 1,442 shares of the company's stock worth $568,000 after purchasing an additional 638 shares in the last quarter. Xponance Inc. grew its position in shares of RH by 5.0% during the fourth quarter. Xponance Inc. now owns 1,987 shares of the company's stock worth $782,000 after purchasing an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of RH during the fourth quarter worth about $80,000. Quantbot Technologies LP purchased a new position in RH during the 4th quarter valued at approximately $2,858,000. Finally, American Century Companies Inc. grew its holdings in RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock valued at $41,603,000 after buying an additional 101,160 shares in the last quarter. Institutional investors own 90.17% of the company's stock.

RH Stock Performance

RH stock traded up $8.29 on Wednesday, reaching $221.08. The company had a trading volume of 1,280,306 shares, compared to its average volume of 1,067,584. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The company's fifty day moving average is $192.91 and its 200 day moving average is $255.40. The company has a market cap of $4.14 billion, a P/E ratio of 52.64, a PEG ratio of 0.62 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.20. The company had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. RH's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) EPS. On average, sell-side analysts predict that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RH shares. Telsey Advisory Group decreased their price target on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. The Goldman Sachs Group lowered RH from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $199.00 to $179.00 in a research note on Tuesday, June 24th. Robert W. Baird raised their price target on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of RH in a research note on Wednesday, July 2nd. Finally, Barclays decreased their price target on RH from $515.00 to $436.00 and set an "overweight" rating for the company 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 ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $270.35.

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.