Wellington Management Group LLP Boosts Holdings in RH (NYSE:RH)

Wellington Management Group LLP lifted its holdings in RH (NYSE:RH - Free Report) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,880 shares of the company's stock after buying an additional 5,506 shares during the quarter. Wellington Management Group LLP owned approximately 0.24% of RH worth $17,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 111 Capital purchased a new stake in shares of RH in the 4th quarter worth about $211,000. PKO Investment Management Joint Stock Co purchased a new stake in RH during the 4th quarter valued at about $590,000. Copia Wealth Management purchased a new stake in RH during the 4th quarter valued at about $106,000. Polar Asset Management Partners Inc. grew its position in RH by 321.4% during the 4th 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 last quarter. Finally, Putney Financial Group LLC purchased a new stake in RH during the 4th quarter valued at about $98,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Performance

RH traded up $1.72 during trading on Wednesday, reaching $178.44. 593,010 shares of the company traded hands, compared to its average volume of 987,499. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The firm has a fifty day simple moving average of $186.55 and a 200 day simple moving average of $302.84. The company has a market cap of $3.34 billion, a P/E ratio of 51.28, a PEG ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to analysts' expectations of $828.21 million. During the same period last year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barclays cut their price objective 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. Telsey Advisory Group dropped their price target on shares of RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. 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 report on Wednesday, May 14th. Finally, Guggenheim dropped their price target on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $275.94.

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.