RH (NYSE:RH) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its position in RH (NYSE:RH - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,790 shares of the company's stock after selling 62,733 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.20% of RH worth $87,688,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company's stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank purchased a new stake in shares of RH in the fourth quarter valued at about $54,314,000. Raymond James Financial Inc. acquired a new position in shares of RH during the fourth quarter worth about $52,190,000. American Century Companies Inc. raised its holdings in RH by 2,227.7% during the fourth 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 in the last quarter. Finally, Wolf Hill Capital Management LP lifted its position in RH by 160.3% in the fourth quarter. Wolf Hill Capital Management LP now owns 150,294 shares of the company's stock valued at $59,154,000 after purchasing an additional 92,565 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Up 0.8 %

Shares of RH stock opened at $185.76 on Friday. The firm has a market cap of $3.48 billion, a PE ratio of 53.38, a P/E/G ratio of 2.65 and a beta of 2.44. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The business's fifty day moving average is $232.35 and its two-hundred day moving average is $328.33.

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 analysts' consensus estimates of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period in the previous year, the business posted $0.72 earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that RH will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup reissued a "neutral" rating and set a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price on shares of RH from $510.00 to $250.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group cut their price target on shares of RH from $250.00 to $235.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Stifel Nicolaus decreased their price objective on shares of RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, StockNews.com cut shares of RH from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Three investment 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. According to data from MarketBeat.com, the stock has a consensus 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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