Invesco Ltd. Boosts Stock Position in RH (NYSE:RH)

Invesco Ltd. increased its holdings in RH (NYSE:RH - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,820 shares of the company's stock after purchasing an additional 73,690 shares during the quarter. Invesco Ltd. owned approximately 0.97% of RH worth $70,775,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. FMR LLC raised its stake in RH by 0.7% during 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 last quarter. Vanguard Group Inc. lifted 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 purchasing an additional 18,389 shares during the period. Alliancebernstein L.P. boosted its position in shares of RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after purchasing an additional 346,050 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in RH by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company's stock worth $73,876,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Norges Bank acquired a new position in RH in the fourth quarter valued at approximately $54,314,000. 90.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group set a $276.00 price target on shares of RH in a research report on Thursday, April 3rd. Stifel Nicolaus decreased their price objective on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Guggenheim reduced their target price on RH from $500.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Morgan Stanley reduced their price objective on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Bank of America lowered shares of RH from a "buy" rating to an "underperform" rating and reduced their price target for the company from $410.00 to $130.00 in a research report on Thursday, April 3rd. Three investment 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's stock. Based on data from MarketBeat.com, RH has an average rating of "Hold" and a consensus price target of $278.44.

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 28.10% of the company's stock.

RH Price Performance

NYSE:RH traded up $6.57 during mid-day trading on Friday, reaching $160.42. 1,211,311 shares of the company's stock traded hands, compared to its average volume of 918,898. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The company has a 50 day moving average price of $253.03 and a 200-day moving average price of $333.70. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $828.21 million. During the same period in the previous year, the company earned $0.72 earnings per share. RH's quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that RH will post 4.39 EPS for the current year.

About RH

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.