RH (NYSE:RH) Shares Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP raised its stake in RH (NYSE:RH - Free Report) by 421.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,482 shares of the company's stock after purchasing an additional 2,814 shares during the period. Occudo Quantitative Strategies LP's holdings in RH were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RH. Alliancebernstein L.P. boosted its holdings in RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock worth $143,148,000 after acquiring an additional 346,050 shares in the last quarter. Norges Bank acquired a new stake in shares of RH during the fourth quarter worth about $54,314,000. Raymond James Financial Inc. acquired a new stake in shares of RH during the fourth quarter worth about $52,190,000. Freestone Grove Partners LP acquired a new stake in shares of RH during the fourth quarter worth about $44,744,000. Finally, American Century Companies Inc. lifted its holdings in shares of RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after purchasing an additional 101,160 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Stock Performance

Shares of RH stock traded down $8.60 during trading hours on Friday, hitting $209.49. The company's stock had a trading volume of 1,198,765 shares, compared to its average volume of 970,573. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The firm has a fifty day moving average of $198.31 and a 200-day moving average of $314.51. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 60.20, a P/E/G ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH - Get Free Report) last announced its quarterly 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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the company earned $0.72 EPS. The business's revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RH. Robert W. Baird decreased their target price on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group decreased their target price on RH from $276.00 to $194.00 and set a "neutral" rating for the company in a report on Monday, May 5th. UBS Group decreased their target price on RH from $250.00 to $235.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Guggenheim reduced their price target on RH from $500.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Loop Capital reduced their price target on RH from $450.00 to $190.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $275.94.

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.