Short Interest in RH (NYSE:RH) Rises By 18.3%

RH (NYSE:RH - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,130,000 shares, an increase of 18.3% from the March 15th total of 1,800,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 14.0% of the shares of the company are sold short.

Institutional Trading of RH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock worth $143,148,000 after buying an additional 346,050 shares during the period. Norges Bank purchased a new position in shares of RH during the fourth quarter worth $54,314,000. Raymond James Financial Inc. acquired a new position in RH during the fourth quarter valued at $52,190,000. Freestone Grove Partners LP purchased a new stake in RH in the fourth quarter valued at $44,744,000. Finally, American Century Companies Inc. grew its position 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 period. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Up 0.8 %

Shares of NYSE RH traded up $1.48 during trading hours on Friday, hitting $185.83. 796,251 shares of the stock were exchanged, compared to its average volume of 941,802. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The firm has a fifty day moving average price of $236.39 and a 200-day moving average price of $329.27. The company has a market cap of $3.48 billion, a PE ratio of 53.38, a PEG 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 (EPS) 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 business had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same period in the prior year, the company earned $0.72 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on RH shares. Guggenheim decreased their price objective on shares of RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 price objective on shares of RH in a report on Thursday, April 3rd. Citigroup restated a "neutral" rating and set a $200.00 price objective (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. Telsey Advisory Group reduced their price target 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. Finally, Wedbush reduced their target price on shares of RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $278.44.

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.