Kettle Hill Capital Management LLC Increases Stock Holdings in RH (NYSE:RH)

Kettle Hill Capital Management LLC grew its stake in RH (NYSE:RH - Free Report) by 1,094.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,948 shares of the company's stock after purchasing an additional 76,920 shares during the quarter. RH makes up approximately 7.2% of Kettle Hill Capital Management LLC's holdings, making the stock its 3rd biggest holding. Kettle Hill Capital Management LLC owned about 0.45% of RH worth $33,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RH. UMB Bank n.a. grew 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 purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its stake in RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after buying an additional 64 shares during the period. Rakuten Securities Inc. lifted 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 worth $44,000 after acquiring an additional 72 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of RH in the 4th quarter worth approximately $68,000. Finally, Pingora Partners LLC bought a new position in shares of RH in the fourth quarter valued at approximately $79,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RH. Loop Capital lowered their price target on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Guggenheim lowered their price objective on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Wedbush reduced their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price target on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $273.31.

RH Trading Down 1.0%

Shares of NYSE:RH traded down $2.27 during midday trading on Wednesday, hitting $223.40. The company had a trading volume of 202,657 shares, compared to its average volume of 1,344,465. The firm has a fifty day simple moving average of $199.99 and a 200 day simple moving average of $316.65. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 64.19, a PEG ratio of 2.65 and a beta of 2.36. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter in the prior year, the company earned $0.72 EPS. RH's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts forecast that RH will post 4.39 EPS for the current fiscal year.

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.