Twinbeech Capital LP Has $2.30 Million Position in RH (NYSE:RH)

Twinbeech Capital LP increased its holdings in shares of RH (NYSE:RH) by 21.0% during the 4th quarter, HoldingsChannel reports. The firm owned 5,853 shares of the company’s stock after purchasing an additional 1,016 shares during the period. Twinbeech Capital LP’s holdings in RH were worth $2,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RH. Grassi Investment Management acquired a new position in RH in the 4th quarter worth $236,000. UMB Bank n.a. lifted its holdings in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of RH during the fourth quarter worth about $227,000. Crossmark Global Holdings Inc. boosted its position in shares of RH by 5.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,205 shares of the company’s stock worth $474,000 after buying an additional 67 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of RH by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after buying an additional 52 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group reduced their price target on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Telsey Advisory Group cut their price objective on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 3rd. Barclays decreased their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Loop Capital cut their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their price objective on RH from $510.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, April 14th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $275.94.

RH Stock Performance

RH stock opened at $195.89 on Thursday. The stock has a 50-day simple moving average of $196.80 and a 200 day simple moving average of $312.06. The stock has a market capitalization of $3.67 billion, a P/E ratio of 56.29, a PEG ratio of 2.65 and a beta of 2.36. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

RH (NYSE:RH) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS 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 business had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that RH will post 4.39 earnings per share for the current year.

RH 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.