RH (NYSE:RH) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC lessened its holdings in RH (NYSE:RH) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,903 shares of the company’s stock after selling 746 shares during the quarter. Fred Alger Management LLC owned about 0.07% of RH worth $5,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in shares of RH by 607.9% in the fourth quarter. Deutsche Bank AG now owns 9,464 shares of the company’s stock valued at $3,725,000 after purchasing an additional 8,127 shares in the last quarter. Castle Hook Partners LP purchased a new stake in RH in the 4th quarter valued at $24,739,000. Cetera Investment Advisers increased its stake in shares of RH by 81.7% in the 4th quarter. Cetera Investment Advisers now owns 3,856 shares of the company’s stock worth $1,518,000 after acquiring an additional 1,734 shares during the last quarter. Brevan Howard Capital Management LP raised its holdings in shares of RH by 49.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 6,696 shares of the company’s stock worth $2,635,000 after acquiring an additional 2,214 shares during the period. Finally, Algert Global LLC purchased a new position in RH during the fourth quarter worth about $1,098,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RH has been the subject of a number of research analyst reports. Wedbush lowered their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company cut their price objective on RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley dropped their target price on RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird dropped their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, RH has an average rating of “Hold” and an average price target of $273.31.

RH Stock Performance

NYSE RH opened at $194.38 on Friday. The firm has a market cap of $3.64 billion, a PE ratio of 55.86, a P/E/G ratio of 2.65 and a beta of 2.36. RH has a one year low of $123.03 and a one year high of $457.26. The firm’s fifty day moving average is $202.35 and its two-hundred day moving average is $318.09.

RH (NYSE:RH) last posted its quarterly earnings results 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 business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period in the prior year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts predict that RH will post 4.39 earnings per share for the current year.

RH 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.