Occudo Quantitative Strategies LP Has $1.37 Million Stock Position in RH (NYSE:RH)

Occudo Quantitative Strategies LP raised its position in shares of RH (NYSE:RH) by 421.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,482 shares of the company’s stock after purchasing an additional 2,814 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in RH were worth $1,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC grew its position in shares of RH by 533.3% during the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the period. Rakuten Securities Inc. increased its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of RH during the 4th quarter valued at $68,000. Finally, Pingora Partners LLC acquired a new position in shares of RH during the 4th quarter valued at $79,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RH shares. UBS Group decreased their price target on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Guggenheim decreased their target price on RH from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Wedbush dropped their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Citigroup reissued a “neutral” rating and issued a $200.00 price objective (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on RH from $510.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $273.31.

RH Price Performance

NYSE RH opened at $225.82 on Wednesday. The company has a fifty day moving average price of $199.99 and a 200-day moving average price of $316.65. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 64.89, a PEG ratio of 2.65 and a beta of 2.36. RH has a 1 year low of $123.03 and a 1 year high of $457.26.

RH (NYSE:RH) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. On average, research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

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.