Marshall Wace LLP reduced its holdings in shares of RH (NYSE:RH - Free Report) by 63.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,496 shares of the company's stock after selling 56,411 shares during the quarter. Marshall Wace LLP owned approximately 0.17% of RH worth $12,790,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Invst LLC bought a new position in shares of RH in the 3rd quarter valued at about $752,000. Virtu Financial LLC acquired a new stake in shares of RH in the 3rd quarter valued at approximately $4,268,000. Blankinship & Foster LLC bought a new position in shares of RH in the third quarter valued at $846,000. Inspire Trust Co. N.A. raised its position in RH by 8.6% during the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company's stock worth $1,694,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of 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 acquiring an additional 70 shares during the period. Institutional investors own 90.17% of the company's stock.
RH Stock Up 0.8 %
Shares of NYSE:RH traded up $1.41 during trading on Friday, hitting $185.76. 997,144 shares of the company were exchanged, compared to its average volume of 944,606. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market capitalization of $3.48 billion, a P/E ratio of 53.38, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The business's 50 day moving average is $232.35 and its 200-day moving average is $328.50.
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 the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. As a group, sell-side analysts anticipate that RH will post 4.39 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on RH shares. Bank of America downgraded shares of RH from a "buy" rating to an "underperform" rating and cut their target price for the company from $410.00 to $130.00 in a research note on Thursday, April 3rd. Wells Fargo & Company cut their price target on RH from $375.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. UBS Group cut their target price on shares of RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Stifel Nicolaus lowered their price target on shares of RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, StockNews.com downgraded RH from a "hold" rating to a "sell" rating in a research report on Wednesday, March 19th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $278.44.
Get Our Latest Stock Report on RH
RH Company Profile
(
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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