Mesirow Institutional Investment Management Inc. Cuts Stock Holdings in RH (NYSE:RH)

Mesirow Institutional Investment Management Inc. trimmed its stake in RH (NYSE:RH - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,230 shares of the company's stock after selling 5,554 shares during the period. Mesirow Institutional Investment Management Inc. owned about 0.21% of RH worth $15,047,000 as of its most recent filing with the SEC.

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

RH Stock Performance

RH stock traded up $9.56 during midday trading on Thursday, hitting $184.04. 1,161,077 shares of the company's stock were exchanged, compared to its average volume of 940,004. The firm's 50 day simple moving average is $240.35 and its 200 day simple moving average is $330.26. RH has a 12-month low of $123.03 and a 12-month high of $457.26. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 52.89, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last issued 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). 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 analyst estimates of $828.21 million. During the same quarter last year, the firm earned $0.72 EPS. The business's revenue was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on RH shares. Morgan Stanley lowered their target price on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. UBS Group lowered their price objective on RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 target price on shares of RH in a report on Thursday, April 3rd. Telsey Advisory Group lowered their price target on shares of RH from $420.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Finally, Bank of America lowered 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 report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, RH currently has an average rating of "Hold" and an average price target of $278.44.

RH Company 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.