Vaughan Nelson Investment Management L.P. Lowers Holdings in RH (NYSE:RH)

Vaughan Nelson Investment Management L.P. lowered its position in RH (NYSE:RH - Free Report) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,140 shares of the company's stock after selling 31,665 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.31% of RH worth $16,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. KB Financial Partners LLC grew its holdings in shares of RH by 61.6% in the first quarter. KB Financial Partners LLC now owns 118 shares of the company's stock valued at $38,000 after purchasing an additional 45 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of RH in the third quarter valued at about $30,000. Global Retirement Partners LLC boosted its stake in RH by 120.3% during the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company's stock worth $41,000 after buying an additional 77 shares during the period. Core Wealth Advisors Inc. purchased a new position in RH during the third quarter worth about $51,000. Finally, Solstein Capital LLC purchased a new position in RH during the third quarter worth about $53,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Trading Down 1.6 %

NYSE:RH traded down $4.42 during mid-day trading on Friday, hitting $278.30. The stock had a trading volume of 970,307 shares, compared to its average volume of 1,041,446. The stock has a 50-day simple moving average of $278.51 and a two-hundred day simple moving average of $268.17. The company has a market capitalization of $5.10 billion, a PE ratio of 49.96, a PEG ratio of 2.99 and a beta of 2.46. RH has a twelve month low of $207.26 and a twelve month high of $406.38.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.99). The firm had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $2.88 EPS. Sell-side analysts predict that RH will post 9.31 EPS for the current fiscal year.

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now owns 12,991 shares of the company's stock, valued at $4,004,086.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RH has been the subject of several research analyst reports. Robert W. Baird increased their target price on shares of RH from $280.00 to $300.00 and gave the stock a "neutral" rating in a research note on Thursday, March 28th. Barclays increased their target price on shares of RH from $293.00 to $340.00 and gave the stock an "equal weight" rating in a research note on Monday, April 1st. Telsey Advisory Group reaffirmed a "market perform" rating and set a $335.00 target price (up previously from $285.00) on shares of RH in a research note on Tuesday, March 26th. Wedbush increased their target price on shares of RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Thursday, March 28th. Finally, StockNews.com lowered shares of RH from a "hold" rating to a "sell" rating in a research note on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $332.15.

RH Profile

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.