RH (NYSE:RH) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC grew its stake in shares of RH (NYSE:RH) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 17,328 shares of the company’s stock after purchasing an additional 304 shares during the quarter. Evergreen Capital Management LLC’s holdings in RH were worth $6,820,000 as of its most recent SEC filing.

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

RH Trading Down 3.4 %

RH stock opened at $154.13 on Thursday. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The business’s 50-day moving average is $262.38 and its 200 day moving average is $336.10. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter last year, the business earned $0.72 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward T. Lee sold 600 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold 30,880 shares of company stock valued at $13,890,504 over the last 90 days. 28.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on RH. Guggenheim decreased their target price on shares of RH from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their target price on RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. 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. JPMorgan Chase & Co. lowered their price objective on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Barclays dropped their price objective on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $278.44.

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.