Polar Asset Management Partners Inc. Has $6.97 Million Holdings in RH (NYSE:RH)

Polar Asset Management Partners Inc. raised its holdings in RH (NYSE:RH - Free Report) by 321.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,700 shares of the company's stock after purchasing an additional 13,500 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.10% of RH worth $6,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its stake 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 purchasing an additional 39 shares in the last quarter. Rakuten Securities Inc. boosted its stake in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after purchasing an additional 72 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of RH in the 4th quarter valued at about $68,000. Pingora Partners LLC acquired a new position in shares of RH during the fourth quarter worth about $79,000. Finally, Spire Wealth Management acquired a new stake in RH in the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Analysts Set New Price Targets

RH has been the subject of several recent research reports. Wedbush reduced their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a report on Wednesday, March 26th. Bank of America upped their price objective on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. dropped their target price on shares of RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus decreased their target price on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, RH currently has a consensus rating of "Hold" and a consensus price target of $275.94.

RH Stock Down 3.1%

Shares of NYSE RH traded down $6.48 during midday trading on Monday, reaching $203.54. 1,159,948 shares of the company were exchanged, compared to its average volume of 973,348. The stock's 50-day moving average price is $198.31 and its 200-day moving average price is $314.44. The stock has a market cap of $3.81 billion, a P/E ratio of 58.49, a PEG ratio of 2.65 and a beta of 2.36. RH has a one year low of $123.03 and a one year high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its 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). The firm had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, equities research analysts anticipate that RH will post 4.39 EPS for the current year.

About RH

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.