RH (NYSE:RH) Position Raised by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP boosted its position in RH (NYSE:RH) by 49.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,696 shares of the company’s stock after purchasing an additional 2,214 shares during the period. Brevan Howard Capital Management LP’s holdings in RH were worth $2,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. Versant Capital Management Inc raised its position in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC lifted its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of RH by 180.0% in the 4th 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 period. Finally, Golden State Wealth Management LLC purchased a new position in RH in the 4th quarter worth about $68,000. 90.17% of the stock is owned by institutional investors.

RH Stock Down 5.2 %

Shares of RH stock opened at $186.39 on Tuesday. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a 50 day moving average price of $212.04 and a two-hundred day moving average price of $321.99. The stock has a market capitalization of $3.49 billion, a P/E ratio of 53.56, a PEG ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last posted its 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). The firm 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 in the previous year, the business posted $0.72 earnings per share. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on RH shares. UBS Group reduced their price objective 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. Guggenheim decreased their price objective on shares of RH from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on shares of RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group lowered their price target on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a report on Monday. 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.com, the stock presently has an average rating of “Hold” and an average price target of $273.31.

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.