T. Rowe Price Investment Management Inc. Sells 62,733 Shares of RH (NYSE:RH)

T. Rowe Price Investment Management Inc. cut its stake in shares of RH (NYSE:RH - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,790 shares of the company's stock after selling 62,733 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.20% of RH worth $87,688,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RH. FMR LLC boosted its position in shares of RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company's stock worth $1,098,240,000 after buying an additional 18,040 shares during the period. Vanguard Group Inc. grew its stake in shares of RH by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company's stock valued at $551,817,000 after buying an additional 18,389 shares in the last quarter. Anomaly Capital Management LP grew its stake in shares of RH by 9.6% in the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company's stock valued at $189,360,000 after buying an additional 41,986 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after buying an additional 346,050 shares in the last quarter. Finally, Senvest Management LLC grew its stake in shares of RH by 35.6% in the 4th quarter. Senvest Management LLC now owns 315,368 shares of the company's stock valued at $124,126,000 after buying an additional 82,742 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

RH Price Performance

Shares of NYSE:RH traded up $1.23 during midday trading on Thursday, reaching $185.26. The company's stock had a trading volume of 501,251 shares, compared to its average volume of 944,602. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The company has a market capitalization of $3.47 billion, a P/E ratio of 53.29, a P/E/G ratio of 2.65 and a beta of 2.44. The business's fifty day simple moving average is $221.67 and its 200-day simple moving average is $325.50.

RH (NYSE:RH - Get Free Report) last announced 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). The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. On average, analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on RH. Robert W. Baird lowered their price target on RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company decreased their target price on RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Telsey Advisory Group decreased their target price on RH from $420.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 target price on RH in a research report on Thursday, April 3rd. Finally, Citigroup reaffirmed a "neutral" rating and set a $200.00 target price (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $278.44.

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.