Short Interest in RH (NYSE:RH) Increases By 43.7%

RH (NYSE:RH - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 3,060,000 shares, a growth of 43.7% from the March 31st total of 2,130,000 shares. Based on an average trading volume of 1,580,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 20.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. StockNews.com lowered RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Loop Capital cut their price target on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Robert W. Baird cut their price target on RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Telsey Advisory Group cut their target price on RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $278.44.

RH Price Performance

Shares of NYSE:RH opened at $184.59 on Wednesday. The firm has a fifty day moving average price of $224.79 and a two-hundred day moving average price of $326.48. RH has a one year low of $123.03 and a one year high of $457.26. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $828.21 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The business's revenue was up 10.0% on a year-over-year basis. Equities research analysts expect that RH will post 4.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RH. Envestnet Asset Management Inc. raised its stake in RH by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 5,325 shares of the company's stock valued at $1,248,000 after buying an additional 367 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of RH by 1.0% in the first quarter. Principal Financial Group Inc. now owns 34,757 shares of the company's stock worth $8,147,000 after purchasing an additional 354 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of RH in the first quarter worth $510,000. Allspring Global Investments Holdings LLC raised its stake in shares of RH by 5.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock worth $61,757,000 after purchasing an additional 12,460 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of RH by 100.6% in the first quarter. Golden State Wealth Management LLC now owns 347 shares of the company's stock worth $81,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

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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