16,900 Shares in RH (NYSE:RH) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in RH (NYSE:RH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,900 shares of the company’s stock, valued at approximately $6,652,000. Canada Pension Plan Investment Board owned approximately 0.09% of RH at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased its position in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares in the last quarter. Versant Capital Management Inc increased its holdings 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 valued at $28,000 after acquiring an additional 70 shares in the last quarter. GAMMA Investing LLC raised its position in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Rakuten Securities Inc. lifted 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 worth $44,000 after purchasing an additional 72 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in RH in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RH shares. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Stifel Nicolaus dropped their price target on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Loop Capital decreased their price objective on RH from $450.00 to $190.00 and set a “hold” rating for the company in a report on Friday, April 4th. Wells Fargo & Company dropped their target price on RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Finally, Bank of America cut RH from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $410.00 to $130.00 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $278.44.

RH Price Performance

Shares of RH opened at $155.91 on Tuesday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock’s fifty day moving average price is $248.66 and its two-hundred day moving average price is $332.45. The firm has a market cap of $2.92 billion, a PE ratio of 44.80, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate 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 net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Sell-side analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

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.