15,000 Shares in RH (NYSE:RH) Bought by Interval Partners LP

Interval Partners LP bought a new stake in RH (NYSE:RH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $5,904,000. Interval Partners LP owned 0.08% of RH as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. grew its position in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after buying an additional 346,050 shares during the period. Norges Bank purchased a new position in shares of RH during the 4th quarter worth $54,314,000. Raymond James Financial Inc. bought a new stake in shares of RH during the 4th quarter valued at $52,190,000. Freestone Grove Partners LP purchased a new stake in shares of RH in the 4th quarter worth $44,744,000. Finally, American Century Companies Inc. increased its position in RH by 2,227.7% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after buying an additional 101,160 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Up 0.9%

RH stock traded up $1.86 during mid-day trading on Thursday, reaching $217.83. 744,713 shares of the company's stock traded hands, compared to its average volume of 966,089. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a 50 day moving average of $199.05 and a two-hundred day moving average of $315.96. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 62.59, a PEG ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) 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 business had revenue of $812.41 million for the quarter, compared to analysts' expectations of $828.21 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on RH. Robert W. Baird decreased their target price on shares of RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley cut their target price on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Barclays lowered their price target on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. StockNews.com lowered shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Finally, Loop Capital lowered their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $275.94.

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.