Fmr LLC Purchases 18,040 Shares of RH (NYSE:RH)

FMR LLC grew its stake in RH (NYSE:RH - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,790,314 shares of the company's stock after acquiring an additional 18,040 shares during the quarter. FMR LLC owned 15.00% of RH worth $1,098,240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RH. Quantinno Capital Management LP boosted its stake in RH by 58.4% during the 3rd quarter. Quantinno Capital Management LP now owns 1,825 shares of the company's stock valued at $610,000 after purchasing an additional 673 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of RH in the third quarter worth approximately $566,000. Wellington Management Group LLP grew its stake in shares of RH by 43.8% in the third quarter. Wellington Management Group LLP now owns 39,374 shares of the company's stock worth $13,168,000 after acquiring an additional 11,991 shares during the period. National Bank of Canada FI raised its holdings in shares of RH by 2.4% during the third quarter. National Bank of Canada FI now owns 18,494 shares of the company's stock valued at $6,185,000 after purchasing an additional 434 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in RH during the third quarter valued at approximately $715,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RH. Robert W. Baird lowered their price target on RH from $400.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Loop Capital lowered their target price on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Citigroup restated a "neutral" rating and set a $200.00 price target (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Morgan Stanley lowered their price objective on shares of RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Guggenheim cut their target price on shares of RH from $500.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $283.94.

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Insider Buying and Selling at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of RH stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares of the company's stock, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock worth $24,550,754 in the last quarter. 28.10% of the stock is owned by corporate insiders.

RH Price Performance

Shares of NYSE:RH traded down $7.27 during trading on Friday, hitting $164.81. 2,608,942 shares of the company's stock were exchanged, compared to its average volume of 910,400. The business's 50-day simple moving average is $277.36 and its 200 day simple moving average is $339.84. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (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 company had revenue of $812.41 million for the quarter, compared to analysts' expectations of $828.21 million. During the same period last year, the business earned $0.72 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that RH will post 4.39 EPS for the current fiscal 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.