Riverview Capital Advisers LLC Acquires Shares of 550 RH (NYSE:RH)

Riverview Capital Advisers LLC bought a new position in RH (NYSE:RH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 550 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also recently made changes to their positions in RH. LPL Financial LLC boosted its position in shares of RH by 61.3% during the fourth 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 period. Sterling Capital Management LLC grew its position in RH by 49.7% in the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company’s stock valued at $300,000 after acquiring an additional 253 shares during the last quarter. Victory Capital Management Inc. grew its position in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock valued at $19,949,000 after acquiring an additional 445 shares during the last quarter. L.M. Kohn & Company purchased a new stake in RH in the fourth quarter worth $289,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of RH by 16.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company’s stock worth $888,000 after purchasing an additional 314 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Down 4.5%

RH stock opened at $215.58 on Thursday. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The stock has a 50-day moving average price of $199.05 and a 200 day moving average price of $315.96. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 61.95, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 2.25% and a negative return on equity of 35.72%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. Research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RH shares. Stifel Nicolaus reduced their price target on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Citigroup restated a “neutral” rating and set a $200.00 price objective (down from $437.00) on shares of RH in a 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 report on Wednesday, March 26th. Finally, The Goldman Sachs Group cut their price target on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. 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 company currently has an average rating of “Hold” and a consensus target price of $275.94.

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.