RH (NYSE:RH) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in shares of RH (NYSE:RH) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,790,314 shares of the company’s stock after purchasing an additional 18,040 shares during the period. Fmr LLC owned approximately 0.15% of RH worth $1,098,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings 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 purchasing an additional 70 shares during the last quarter. UMB Bank n.a. grew 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 buying an additional 39 shares in the last quarter. GAMMA Investing LLC increased 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 buying an additional 64 shares during the last quarter. Rakuten Securities Inc. raised 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 acquiring an additional 72 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in RH during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

RH has been the subject of several research analyst reports. Bank of America downgraded shares of RH from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $410.00 to $130.00 in a research report on Thursday, April 3rd. Robert W. Baird cut their price objective on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. UBS Group reduced their target price on RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $200.00 target price (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $283.94.

RH Trading Up 12.6 %

RH stock opened at $163.99 on Tuesday. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 2.65 and a beta of 2.44. The company’s 50-day moving average price is $307.12 and its two-hundred day moving average price is $347.14.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company had revenue of $812.41 million for 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%. RH’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Research analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Insider Transactions at RH

In related news, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,880 shares of company stock valued at $24,550,754. Corporate insiders own 28.10% of the company’s stock.

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.