RH (NYSE:RH) Stock Holdings Increased by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of RH (NYSE:RH) by 69.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 179,820 shares of the company’s stock after acquiring an additional 73,690 shares during the period. Invesco Ltd.’s holdings in RH were worth $70,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RH. LPL Financial LLC lifted its holdings in shares of RH by 61.3% during the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock valued at $3,598,000 after buying an additional 3,473 shares during the last quarter. Virtu Financial LLC bought a new position in RH during the third quarter valued at approximately $4,268,000. Invst LLC bought a new stake in RH in the third quarter worth approximately $752,000. Victory Capital Management Inc. increased its stake in shares of RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after purchasing an additional 445 shares during the last quarter. Finally, L.M. Kohn & Company bought a new position in shares of RH during the 4th quarter valued at $289,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Telsey Advisory Group lowered their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley cut their price objective on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. UBS Group decreased their target price on RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price target on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Finally, Wedbush lowered their target price 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $278.44.

Insider Transactions at RH

In related news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. In the last three months, insiders sold 30,880 shares of company stock valued at $13,890,504. Company insiders own 28.10% of the company’s stock.

RH Stock Down 0.8 %

Shares of RH opened at $163.23 on Tuesday. The stock’s 50-day moving average price is $272.33 and its 200 day moving average price is $338.60. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 2.65 and a beta of 2.44.

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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that RH will post 4.39 EPS 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.