Long Walk Management LP Invests $23.32 Million in RH (NYSE:RH)

Long Walk Management LP acquired a new stake in RH (NYSE:RH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 80,000 shares of the company's stock, valued at approximately $23,318,000. RH accounts for 15.1% of Long Walk Management LP's portfolio, making the stock its 3rd largest holding. Long Walk Management LP owned 0.43% of RH as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of RH during the fourth quarter valued at about $1,246,000. Moody National Bank Trust Division bought a new stake in shares of RH during the fourth quarter valued at about $1,043,000. Neo Ivy Capital Management bought a new stake in shares of RH during the third quarter valued at about $480,000. Suvretta Capital Management LLC bought a new stake in shares of RH during the second quarter valued at about $27,418,000. Finally, Hsbc Holdings PLC bought a new stake in shares of RH during the third quarter valued at about $10,112,000. 90.17% of the stock is currently owned by institutional investors.

RH Price Performance

NYSE RH traded up $12.43 on Tuesday, reaching $288.69. 996,387 shares of the company's stock traded hands, compared to its average volume of 670,687. RH has a 12 month low of $207.26 and a 12 month high of $406.38. The stock has a 50-day simple moving average of $278.57 and a 200 day simple moving average of $268.06. The stock has a market cap of $5.29 billion, a PE ratio of 51.83, a P/E/G ratio of 2.99 and a beta of 2.46.

RH (NYSE:RH - Get Free Report) last issued its 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). RH had a negative return on equity of 777.61% and a net margin of 4.21%. The firm had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same quarter in the prior year, the business posted $2.88 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts anticipate that RH will post 9.31 EPS for the current year.

Wall Street Analyst Weigh In

RH has been the topic of several analyst reports. Wells Fargo & Company upped their price target on RH from $350.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Oppenheimer reaffirmed a "market perform" rating on shares of RH in a research note on Monday, April 1st. Barclays raised their target price on shares of RH from $293.00 to $340.00 and gave the company an "equal weight" rating in a research note on Monday, April 1st. Loop Capital raised their target price on shares of RH from $260.00 to $350.00 and gave the company a "hold" rating in a research note on Monday, April 1st. Finally, Wedbush raised their target price on shares of RH from $275.00 to $320.00 and gave the company a "neutral" rating in a research note on Thursday, March 28th. Two investment 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. According to data from MarketBeat.com, RH presently has an average rating of "Hold" and a consensus price target of $332.15.

Insider Transactions at RH

In other 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 value of $616,440.00. Following the transaction, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.90% of the company's stock.

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.