Victory Capital Management Inc. Grows Position in RH (NYSE:RH)

Victory Capital Management Inc. increased its position in RH (NYSE:RH - Free Report) by 225.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 0.88% of RH worth $38,707,000 at the end of the most recent quarter.

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

RH Stock Up 8.3%

Shares of RH traded up $16.17 during trading hours on Tuesday, hitting $210.84. The company had a trading volume of 1,258,729 shares, compared to its average volume of 1,060,990. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 0.57 and a beta of 2.17. The business has a fifty day moving average of $193.71 and a 200-day moving average of $257.41. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the firm earned ($0.40) earnings per share. RH's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts expect that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RH shares. The Goldman Sachs Group cut shares of RH from a "neutral" rating to a "sell" rating and lowered their target price for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Citigroup restated a "neutral" rating and issued a $200.00 price target (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Barclays reduced their price target on shares of RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. UBS Group reduced their price target on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. Finally, Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of RH in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, RH presently has an average rating of "Hold" and a consensus target price of $270.35.

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.