J. Goldman & Co LP purchased a new stake in RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,994 shares of the company's stock, valued at approximately $785,000.
A number of other institutional investors and hedge funds also recently modified their holdings of RH. PNC Financial Services Group Inc. lifted its stake in shares of RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock worth $1,524,000 after buying an additional 29 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock worth $216,000 after buying an additional 31 shares during the last quarter. Insight Advisors LLC PA lifted its stake in shares of RH by 2.3% in the fourth quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock worth $571,000 after buying an additional 33 shares during the last quarter. US Bancorp DE lifted its stake in shares of RH by 14.6% in the fourth quarter. US Bancorp DE now owns 283 shares of the company's stock worth $111,000 after buying an additional 36 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on RH. Barclays reduced their price objective on RH from $515.00 to $436.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price target on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered their price target on shares of RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Wedbush lowered their price target on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $275.94.
View Our Latest Report on RH
RH Stock Performance
Shares of NYSE:RH traded up $1.86 on Thursday, hitting $217.83. The stock had a trading volume of 744,713 shares, compared to its average volume of 966,089. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The firm's 50 day moving average price is $199.05 and its 200-day moving average price is $315.96. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 62.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.
RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, sell-side analysts predict that RH will post 4.39 EPS for the current year.
RH Company Profile
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Free Report)
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.
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