Senvest Management LLC lifted its position in RH (NYSE:RH - Free Report) by 47.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 349,517 shares of the company's stock after buying an additional 112,455 shares during the period. RH makes up 3.9% of Senvest Management LLC's holdings, making the stock its 10th largest position. Senvest Management LLC owned about 1.90% of RH worth $101,877,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of RH. Cetera Advisors LLC raised its position in shares of RH by 2.4% during the fourth quarter. Cetera Advisors LLC now owns 1,350 shares of the company's stock worth $361,000 after purchasing an additional 32 shares during the period. Tradition Wealth Management LLC raised its position in shares of RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company's stock worth $102,000 after purchasing an additional 45 shares during the period. KB Financial Partners LLC raised its position in shares of RH by 61.6% during the first quarter. KB Financial Partners LLC now owns 118 shares of the company's stock worth $38,000 after purchasing an additional 45 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of RH by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company's stock worth $851,000 after purchasing an additional 56 shares during the period. Finally, Venture Visionary Partners LLC raised its position in shares of RH by 1.2% during the third quarter. Venture Visionary Partners LLC now owns 4,813 shares of the company's stock worth $1,272,000 after purchasing an additional 58 shares during the period. Institutional investors own 90.17% of the company's stock.
Insider Transactions at RH
In related news, Director Mark S. Demilio sold 2,000 shares of the business's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now owns 12,991 shares of the company's stock, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.90% of the stock is currently owned by corporate insiders.
RH Stock Performance
Shares of RH traded down $4.42 during trading hours on Friday, hitting $278.30. 970,307 shares of the company were exchanged, compared to its average volume of 1,041,446. The company has a market cap of $5.10 billion, a PE ratio of 49.96, a PEG ratio of 3.04 and a beta of 2.46. The firm's 50 day moving average is $278.51 and its 200-day moving average is $268.17. RH has a 52 week low of $207.26 and a 52 week high of $406.38.
RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). The company had revenue of $738.26 million for the quarter, compared to the consensus estimate of $777.50 million. RH had a negative return on equity of 777.61% and a net margin of 4.21%. The business's revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 EPS. As a group, equities analysts forecast that RH will post 9.31 earnings per share for the current fiscal year.
Analyst Ratings Changes
RH has been the topic of a number of recent analyst reports. Barclays boosted their target price on RH from $293.00 to $340.00 and gave the stock an "equal weight" rating in a research report on Monday, April 1st. StockNews.com downgraded RH from a "hold" rating to a "sell" rating in a report on Wednesday, December 13th. Morgan Stanley lowered their price target on RH from $340.00 to $290.00 and set an "equal weight" rating on the stock in a report on Friday, December 8th. Loop Capital lifted their price target on RH from $260.00 to $350.00 and gave the company a "hold" rating in a report on Monday, April 1st. Finally, Bank of America lowered their price target on RH from $345.00 to $309.00 and set a "buy" rating on the stock in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $332.15.
Read Our Latest Analysis on RH
About RH
(
Free Report)
RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.
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