Wolf Hill Capital Management LP Has $59.15 Million Stake in RH (NYSE:RH)

Wolf Hill Capital Management LP grew its position in shares of RH (NYSE:RH - Free Report) by 160.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,294 shares of the company's stock after purchasing an additional 92,565 shares during the quarter. RH comprises approximately 4.2% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 8th largest position. Wolf Hill Capital Management LP owned approximately 0.81% of RH worth $59,154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RH. Invst LLC acquired a new position in RH in the third quarter valued at $752,000. Virtu Financial LLC acquired a new position in RH in the third quarter valued at $4,268,000. Blankinship & Foster LLC acquired a new position in RH in the third quarter valued at $846,000. Inspire Trust Co. N.A. lifted its holdings in RH by 8.6% in the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company's stock valued at $1,694,000 after buying an additional 400 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in RH by 7,000.0% in the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

Wall Street Analyst Weigh In

RH has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Telsey Advisory Group dropped their price objective on shares of RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company dropped their price objective 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. Finally, Citigroup reiterated a "neutral" rating and set a $200.00 price objective (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, RH has a consensus rating of "Hold" and a consensus target price of $278.44.

RH Stock Up 0.8 %

RH stock traded up $1.41 during trading on Friday, reaching $185.76. The stock had a trading volume of 997,144 shares, compared to its average volume of 944,606. RH has a one year low of $123.03 and a one year high of $457.26. The company's 50 day moving average is $232.35 and its two-hundred day moving average is $328.50. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 53.38, a P/E/G ratio of 2.65 and a beta of 2.44.

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

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.