Dimensional Fund Advisors LP Reduces Position in RH (NYSE:RH)

Dimensional Fund Advisors LP trimmed its position in shares of RH (NYSE:RH - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,541 shares of the company's stock after selling 2,948 shares during the quarter. Dimensional Fund Advisors LP owned 1.34% of RH worth $97,824,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invst LLC acquired a new position in RH during the 3rd quarter worth $752,000. Virtu Financial LLC purchased a new stake in shares of RH during the third quarter worth approximately $4,268,000. Blankinship & Foster LLC acquired a new stake in RH in the third quarter valued at approximately $846,000. Inspire Trust Co. N.A. lifted its stake in RH by 8.6% in the third quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company's stock worth $1,694,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock worth $28,000 after acquiring an additional 70 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RH has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company dropped their price objective on RH from $375.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Citigroup restated a "neutral" rating and set a $200.00 target price (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Stifel Nicolaus cut their price objective on shares of RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Robert W. Baird lowered their target price on shares of RH from $400.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, RH has a consensus rating of "Hold" and an average price target of $278.44.

RH Stock Performance

RH stock traded up $11.95 during midday trading on Friday, reaching $196.71. The company's stock had a trading volume of 1,525,873 shares, compared to its average volume of 950,162. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm has a market capitalization of $3.68 billion, a PE ratio of 56.53, a P/E/G ratio of 2.65 and a beta of 2.44. The stock's 50 day simple moving average is $218.44 and its 200 day simple moving average is $324.49.

RH (NYSE:RH - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts predict that RH will post 4.39 earnings per share 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.