RH (NYSE:RH) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in RH (NYSE:RH - Free Report) by 208.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,568 shares of the company's stock after purchasing an additional 6,470 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of RH worth $2,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RH. Lecap Asset Management Ltd. acquired a new stake in shares of RH in the fourth quarter valued at approximately $635,000. Louisiana State Employees Retirement System acquired a new stake in shares of RH in the fourth quarter valued at approximately $1,253,000. Xcel Wealth Management LLC boosted its holdings in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company's stock valued at $27,799,000 after acquiring an additional 6,165 shares during the period. Cerity Partners LLC boosted its holdings in shares of RH by 20.2% in the fourth quarter. Cerity Partners LLC now owns 1,083 shares of the company's stock valued at $316,000 after acquiring an additional 182 shares during the period. Finally, Long Walk Management LP acquired a new stake in shares of RH in the fourth quarter valued at approximately $23,318,000. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Up 1.4 %

Shares of RH stock traded up $3.48 during mid-day trading on Tuesday, reaching $248.68. The stock had a trading volume of 508,687 shares, compared to its average volume of 689,550. RH has a 12-month low of $207.26 and a 12-month high of $406.38. The company has a market cap of $4.56 billion, a P/E ratio of 44.65, a price-to-earnings-growth ratio of 2.65 and a beta of 2.46. The business has a 50-day simple moving average of $277.28 and a 200 day simple moving average of $267.08.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm had revenue of $738.26 million during the quarter, compared to analysts' expectations of $777.50 million. During the same quarter in the prior year, the business earned $2.88 EPS. The company's quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that RH will post 9.08 EPS for the current year.

Analyst Upgrades and Downgrades

RH has been the subject of several analyst reports. The Goldman Sachs Group upped their price target on RH from $201.00 to $264.00 and gave the stock a "sell" rating in a research note on Monday, April 1st. Oppenheimer restated a "market perform" rating on shares of RH in a research note on Monday, April 1st. JPMorgan Chase & Co. upped their price target on RH from $329.00 to $345.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Wedbush upped their price target on RH from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company upped their price target on RH from $350.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, RH presently has an average rating of "Hold" and an average target price of $332.15.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of 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 SEC, which is available at this link. In related news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now owns 11,991 shares of the company's stock, valued at $3,465,279.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction 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 sale, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. Company insiders own 23.90% of the company's stock.

RH Company 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.