RH (NYSE:RH) Shares Bought by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP raised its holdings in shares of RH (NYSE:RH) by 160.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,294 shares of the company’s stock after purchasing an additional 92,565 shares during the period. RH accounts for approximately 4.2% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 8th biggest holding. Wolf Hill Capital Management LP owned about 0.81% of RH worth $59,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Alliancebernstein L.P. raised its stake 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 buying an additional 346,050 shares during the last quarter. Norges Bank acquired a new stake in RH in the 4th quarter worth approximately $54,314,000. Raymond James Financial Inc. acquired a new position in RH during the 4th quarter valued at approximately $52,190,000. American Century Companies Inc. raised its holdings in shares of RH by 2,227.7% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after buying an additional 101,160 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of RH during the fourth quarter worth $35,175,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Down 3.2 %

RH opened at $155.91 on Tuesday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 2.65 and a beta of 2.44. The firm’s fifty day simple moving average is $248.66 and its two-hundred day simple moving average is $332.45. RH has a 52-week low of $123.03 and a 52-week high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (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 firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts forecast that RH will post 4.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RH. The Goldman Sachs Group set a $276.00 target price on RH in a research note on Thursday, April 3rd. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Loop Capital reduced their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Wells Fargo & Company cut their price objective 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, UBS Group lowered their price target on shares of RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $278.44.

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.