Schonfeld Strategic Advisors LLC Has $39.37 Million Stake in RH (NYSE:RH)

Schonfeld Strategic Advisors LLC raised its holdings in RH (NYSE:RH - Free Report) by 2,075.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,016 shares of the company's stock after buying an additional 95,419 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.54% of RH worth $39,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in shares of RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after buying an additional 39 shares during the period. GAMMA Investing LLC boosted its holdings in RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after acquiring an additional 64 shares during the period. Rakuten Securities Inc. raised its stake in shares of RH by 180.0% during the fourth 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 period. Finally, Golden State Wealth Management LLC acquired a new position in shares of RH during the fourth quarter worth $68,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Performance

NYSE:RH traded up $11.95 on Friday, hitting $196.71. 1,525,873 shares of the stock were exchanged, compared to its average volume of 951,190. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 56.53, a P/E/G ratio of 2.65 and a beta of 2.44. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The company's 50-day moving average price is $218.44 and its 200 day moving average price is $324.49.

RH (NYSE:RH - Get Free Report) last posted its quarterly 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 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% compared to the same quarter last year. As a group, equities research analysts predict that RH will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America cut RH from a "buy" rating to an "underperform" rating and cut their price target for the stock from $410.00 to $130.00 in a research note on Thursday, April 3rd. Telsey Advisory Group dropped their target price on RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company cut their price target on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.