Polar Asset Management Partners Inc. Acquires 13,500 Shares of RH (NYSE:RH)

Polar Asset Management Partners Inc. raised its holdings in shares of RH (NYSE:RH) by 321.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,700 shares of the company’s stock after buying an additional 13,500 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in RH were worth $6,967,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Alliancebernstein L.P. lifted its holdings in shares of RH by 1,960.8% in the 4th 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 bought a new stake in shares of RH in the 4th quarter worth about $54,314,000. Raymond James Financial Inc. purchased a new position in RH in the 4th quarter worth about $52,190,000. Freestone Grove Partners LP purchased a new position in RH in the 4th quarter worth about $44,744,000. Finally, American Century Companies Inc. increased its stake in RH by 2,227.7% in the 4th 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 period. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 0.9%

RH stock opened at $217.83 on Friday. The firm has a 50 day moving average of $198.74 and a 200 day moving average of $315.22. The stock has a market capitalization of $4.08 billion, a PE ratio of 62.59, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

RH (NYSE:RH) last released 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 company had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.72 earnings per share. On average, equities research analysts expect that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on RH shares. UBS Group reduced their price target on shares of RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Telsey Advisory Group reduced their price target on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, April 3rd. Loop Capital reduced their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Citigroup reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Finally, Wedbush reduced their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $275.94.

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.