20,000 Shares in RH (NYSE:RH) Bought by Ogborne Capital Management LLC

Ogborne Capital Management LLC acquired a new stake in shares of RH (NYSE:RH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $7,872,000. RH makes up 1.3% of Ogborne Capital Management LLC's investment portfolio, making the stock its 12th biggest position. Ogborne Capital Management LLC owned 0.11% of RH as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. boosted its holdings in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of RH by 180.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after buying an additional 72 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of RH during the fourth quarter worth approximately $68,000. Finally, Pingora Partners LLC acquired a new position in RH in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Down 3.9%

Shares of NYSE:RH traded down $8.60 during midday trading on Friday, reaching $209.49. 1,198,765 shares of the company were exchanged, compared to its average volume of 970,573. The firm has a market cap of $3.92 billion, a PE ratio of 60.20, a P/E/G ratio of 2.65 and a beta of 2.36. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The stock has a fifty day simple moving average of $198.74 and a two-hundred day simple moving average of $315.22.

RH (NYSE:RH - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. RH's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. As a group, analysts forecast that RH will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Loop Capital dropped their price objective on RH from $450.00 to $190.00 and set a "hold" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. cut their target price on RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. 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 research report on Thursday, April 3rd. Finally, Stifel Nicolaus lowered their price target on RH from $450.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $275.94.

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.