RH (NYSE:RH) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in RH (NYSE:RH - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,262 shares of the company's stock after selling 2,011 shares during the quarter. Legal & General Group Plc owned approximately 0.13% of RH worth $9,156,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in RH by 61.3% during the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company's stock worth $3,598,000 after buying an additional 3,473 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of RH during the third quarter worth $4,268,000. Invst LLC bought a new stake in shares of RH during the 3rd quarter valued at $752,000. Victory Capital Management Inc. lifted its stake in RH by 0.9% during the fourth 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 stake in shares of RH during the 4th quarter valued at approximately $289,000. Institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

RH has been the topic of a number of recent analyst reports. UBS Group cut their price objective on RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wedbush dropped their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 26th. Guggenheim lowered their target price on RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays cut their price target on RH from $515.00 to $436.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, StockNews.com cut shares of RH from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, RH has an average rating of "Hold" and a consensus price target of $278.44.

RH Price Performance

Shares of RH traded up $13.48 during mid-day trading on Wednesday, reaching $186.28. The company's stock had a trading volume of 992,262 shares, compared to its average volume of 1,387,972. The company's 50 day moving average is $244.51 and its 200 day moving average is $331.34. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a market cap of $3.49 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last announced its 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). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $812.41 million during the quarter, compared to analysts' expectations of $828.21 million. During the same quarter last year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

About RH

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.