RH (NYSE:RH) Shares Sold by Broad Run Investment Management LLC

Broad Run Investment Management LLC cut its position in shares of RH (NYSE:RH - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,240 shares of the company's stock after selling 22,011 shares during the quarter. RH makes up 3.9% of Broad Run Investment Management LLC's investment portfolio, making the stock its 12th largest position. Broad Run Investment Management LLC owned about 0.39% of RH worth $28,827,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RH. Versant Capital Management Inc grew its holdings in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after buying an additional 70 shares during the period. UMB Bank n.a. increased its position in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC increased its position in RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Rakuten Securities Inc. raised its stake in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after purchasing an additional 72 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of RH in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Trading Up 0.8 %

RH stock opened at $185.76 on Friday. The stock has a 50 day moving average of $232.35 and a 200-day moving average of $328.42. The stock has a market cap of $3.48 billion, a P/E ratio of 53.38, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

RH (NYSE:RH - Get Free Report) last released 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). The company 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%. RH's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities analysts predict that RH will post 4.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America lowered RH from a "buy" rating to an "underperform" rating and cut their target price for the stock from $410.00 to $130.00 in a research report on Thursday, April 3rd. Guggenheim cut their price objective on RH from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Telsey Advisory Group decreased their target price on RH from $420.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. StockNews.com lowered shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Finally, Robert W. Baird decreased their price objective on shares of RH from $400.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, RH has an average rating of "Hold" and an average 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.

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