RH (NYSE:RH) Shares Bought by Fund 1 Investments LLC

Fund 1 Investments LLC grew its holdings in shares of RH (NYSE:RH - Free Report) by 212.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,893 shares of the company's stock after purchasing an additional 19,653 shares during the period. RH makes up about 1.0% of Fund 1 Investments LLC's portfolio, making the stock its 18th biggest holding. Fund 1 Investments LLC owned about 0.16% of RH worth $11,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RH. LPL Financial LLC raised its stake in RH by 61.3% in the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company's stock worth $3,598,000 after acquiring an additional 3,473 shares during the last quarter. Sterling Capital Management LLC raised its stake in RH by 49.7% in the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company's stock worth $300,000 after acquiring an additional 253 shares during the last quarter. Victory Capital Management Inc. raised its stake in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock worth $19,949,000 after acquiring an additional 445 shares during the last quarter. L.M. Kohn & Company purchased a new position in RH in the 4th quarter worth $289,000. Finally, Pictet Asset Management Holding SA raised its stake in RH by 16.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company's stock worth $888,000 after acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Stock Down 1.1%

Shares of NYSE:RH traded down $2.22 during trading on Friday, reaching $194.38. 889,615 shares of the company's stock traded hands, compared to its average volume of 958,093. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm has a market cap of $3.64 billion, a PE ratio of 55.86, a P/E/G ratio of 2.65 and a beta of 2.36. The company has a 50-day simple moving average of $202.35 and a 200-day simple moving average of $317.98.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS 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 for the quarter, compared to analyst estimates of $828.21 million. During the same quarter last year, the business earned $0.72 earnings per share. RH's revenue was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that RH will post 4.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RH. Loop Capital reduced their target price on RH from $450.00 to $190.00 and set a "hold" rating for the company in a research note on Friday, April 4th. The Goldman Sachs Group reduced their target price on RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company reduced their target price on RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Guggenheim reduced their target price on RH from $500.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus reduced their price objective 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, RH presently has an average rating of "Hold" and a consensus target price of $273.31.

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.