RH (NYSE:RH) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC grew its stake in RH (NYSE:RH) by 9.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,567 shares of the company’s stock after acquiring an additional 712 shares during the period. MetLife Investment Management LLC’s holdings in RH were worth $3,372,000 at the end of the most recent quarter.

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

RH Stock Performance

Shares of NYSE:RH opened at $185.76 on Friday. RH has a one year low of $123.03 and a one year high of $457.26. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.65 and a beta of 2.44. The company has a 50-day simple moving average of $232.35 and a 200-day simple moving average of $328.42.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Guggenheim lowered their target price on shares of RH from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. UBS Group lowered their price objective on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 target price on RH in a research report on Thursday, April 3rd. StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, Robert W. Baird cut their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $278.44.

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.