Canada Pension Plan Investment Board Invests $6.65 Million in RH (NYSE:RH)

Canada Pension Plan Investment Board bought a new stake in RH (NYSE:RH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,900 shares of the company's stock, valued at approximately $6,652,000. Canada Pension Plan Investment Board owned approximately 0.09% of RH as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Alliancebernstein L.P. grew its stake in shares of RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock valued at $143,148,000 after acquiring an additional 346,050 shares in the last quarter. Norges Bank acquired a new stake in RH during the 4th quarter valued at approximately $54,314,000. Raymond James Financial Inc. acquired a new stake in RH during the 4th quarter valued at approximately $52,190,000. American Century Companies Inc. increased its holdings in RH by 2,227.7% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $41,603,000 after purchasing an additional 101,160 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of RH during the 4th quarter valued at approximately $35,175,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Price Performance

Shares of NYSE RH traded up $1.41 during midday trading on Friday, hitting $185.76. 997,144 shares of the company's stock were exchanged, compared to its average volume of 944,606. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The firm has a market cap of $3.48 billion, a P/E ratio of 53.38, a PEG ratio of 2.65 and a beta of 2.44. The stock's 50 day moving average price is $232.35 and its 200-day moving average price is $328.50.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results 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 business had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, analysts expect that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on RH shares. Bank of America downgraded shares of RH from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $410.00 to $130.00 in a research note on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price target on RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group cut their price objective on RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. Wedbush decreased their target price on RH from $500.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. Finally, Robert W. Baird dropped their price target on RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $278.44.

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.