Algert Global LLC Buys Shares of 2,790 RH (NYSE:RH)

Algert Global LLC purchased a new position in shares of RH (NYSE:RH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,790 shares of the company’s stock, valued at approximately $1,098,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its position in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after acquiring an additional 346,050 shares during the last quarter. Norges Bank purchased a new position in shares of RH during the 4th quarter worth approximately $54,314,000. Raymond James Financial Inc. acquired a new position in shares of RH during the 4th quarter worth approximately $52,190,000. Freestone Grove Partners LP purchased a new stake in RH in the 4th quarter valued at approximately $44,744,000. Finally, 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 valued at $41,603,000 after buying an additional 101,160 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

RH opened at $194.38 on Friday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The firm has a 50 day moving average price of $202.35 and a 200 day moving average price of $318.04. The company has a market cap of $3.64 billion, a PE ratio of 55.86, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The business had revenue of $812.41 million during 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%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. On average, sell-side analysts predict that RH will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price objective on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. UBS Group reduced their target price 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. Telsey Advisory Group lowered their price target on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 3rd. Morgan Stanley cut their price objective on shares of RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, Wedbush decreased their target price on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. Three 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.com, the stock has a consensus rating of “Hold” and an average target price of $273.31.

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.