T. Rowe Price Investment Management Inc. Cuts Position in RH (NYSE:RH)

T. Rowe Price Investment Management Inc. reduced its holdings in shares of RH (NYSE:RH) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,790 shares of the company’s stock after selling 62,733 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in RH were worth $87,688,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RH. Versant Capital Management Inc increased its stake 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 buying an additional 70 shares during the period. UMB Bank n.a. increased its position in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of RH by 533.3% in the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of RH during the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Up 0.8 %

RH stock opened at $185.76 on Friday. The company has a 50 day moving average of $232.35 and a two-hundred day moving average of $328.33. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released 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 net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same period in the previous year, the business posted $0.72 EPS. RH’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts anticipate that RH will post 4.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on RH shares. Robert W. Baird decreased 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. The Goldman Sachs Group set a $276.00 price objective on shares of RH in a research report on Thursday, April 3rd. Citigroup reiterated a “neutral” rating and set a $200.00 price target (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. UBS Group decreased their price objective on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Guggenheim dropped their price target on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.