RH (NYSE:RH) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP lessened its stake in shares of RH (NYSE:RH - Free Report) by 76.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,939 shares of the company's stock after selling 6,351 shares during the quarter. Bayesian Capital Management LP's holdings in RH were worth $763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 70 shares during the period. GAMMA Investing LLC boosted its position in 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 buying an additional 64 shares during the last quarter. Grassi Investment Management acquired a new stake in shares of RH during the fourth quarter valued at about $236,000. Miracle Mile Advisors LLC purchased a new stake in shares of RH during the fourth quarter worth about $240,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of RH in the fourth quarter worth about $294,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RH. Citigroup restated a "neutral" rating and set a $200.00 price objective (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. UBS Group reduced their target price on RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Guggenheim lowered their price target on RH from $500.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Loop Capital lowered their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, RH has an average rating of "Hold" and a consensus price target of $273.31.

RH Trading Down 5.2 %

RH opened at $186.39 on Tuesday. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The stock has a market cap of $3.49 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The business's 50 day moving average is $212.04 and its 200-day moving average is $321.99.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share 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 company had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period in the previous 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, analysts forecast that RH will post 4.39 EPS for the current year.

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.

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