RH (NYSE:RH) Shares Purchased by Invst LLC

Invst LLC boosted its position in RH (NYSE:RH) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 2,342 shares of the company’s stock after acquiring an additional 93 shares during the quarter. Invst LLC’s holdings in RH were worth $922,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock valued at $1,098,240,000 after acquiring an additional 18,040 shares in the last quarter. Vanguard Group Inc. raised its holdings in RH by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after acquiring an additional 18,389 shares in the last quarter. Anomaly Capital Management LP raised its holdings in RH by 9.6% in the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after acquiring an additional 41,986 shares in the last quarter. Alliancebernstein L.P. raised its holdings in RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after acquiring an additional 346,050 shares in the last quarter. Finally, Senvest Management LLC raised its holdings in RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock valued at $124,126,000 after acquiring an additional 82,742 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Trading Down 1.2%

Shares of RH opened at $185.10 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The company’s 50 day simple moving average is $195.32 and its 200-day simple moving average is $310.07. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH) last announced 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 business had revenue of $812.41 million for the quarter, compared to analysts’ expectations of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. As a group, equities research analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RH. JPMorgan Chase & Co. dropped their price target 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. Telsey Advisory Group dropped their price target on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley dropped their price target on shares of RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Wells Fargo & Company dropped their price target on shares of RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Finally, Wall Street Zen upgraded shares of RH from a “sell” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus target price of $275.94.

About RH

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.