113,683 Shares in RH (NYSE:RH) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new position in shares of RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 113,683 shares of the company's stock, valued at approximately $44,744,000. Freestone Grove Partners LP owned approximately 0.61% of RH as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RH. Versant Capital Management Inc boosted its position in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after buying an additional 70 shares during the period. UMB Bank n.a. raised its position in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC raised its position in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after purchasing an additional 64 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of RH during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company lowered their target price on shares of RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. StockNews.com cut RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group dropped their price objective on RH from $276.00 to $194.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Stifel Nicolaus decreased their target price on RH from $450.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $273.31.

RH Trading Down 5.2 %

Shares of NYSE RH traded down $10.17 during midday trading on Monday, reaching $186.39. 863,433 shares of the company were exchanged, compared to its average volume of 950,897. The stock has a market cap of $3.49 billion, a P/E ratio of 53.56, a PEG ratio of 2.65 and a beta of 2.36. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock has a fifty day simple moving average of $215.40 and a 200 day simple moving average of $323.17.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million during the quarter, compared to analysts' expectations of $828.21 million. During the same quarter 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, analysts forecast that RH will post 4.39 earnings per share for the current year.

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.