Price T Rowe Associates Inc. MD Lowers Position in RH (NYSE:RH)

Price T Rowe Associates Inc. MD lowered its stake in shares of RH (NYSE:RH - Free Report) by 42.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,313 shares of the company's stock after selling 369,692 shares during the period. Price T Rowe Associates Inc. MD owned 2.73% of RH worth $199,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RH. UMB Bank n.a. raised its stake in RH by 125.8% during 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. Versant Capital Management Inc grew its position in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after acquiring an additional 70 shares in the last quarter. GAMMA Investing LLC increased its stake in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after acquiring an additional 64 shares during the last quarter. Rakuten Securities Inc. increased 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 valued at $44,000 after purchasing an additional 72 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of RH during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Stock Up 7.4 %

Shares of NYSE RH traded up $13.67 during trading on Friday, hitting $198.43. The company had a trading volume of 818,710 shares, compared to its average volume of 947,623. 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 $218.44 and a two-hundred day simple moving average of $324.49. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 57.04, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

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

Analyst Upgrades and Downgrades

RH has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Robert W. Baird decreased their price target on shares of RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley reduced their price objective on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Guggenheim dropped their price target on RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group set a $276.00 price objective on RH in a report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $278.44.

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.