Russell Investments Group Ltd. Sells 2,825 Shares of RH (NYSE:RH)

Russell Investments Group Ltd. reduced its holdings in RH (NYSE:RH - Free Report) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,821 shares of the company's stock after selling 2,825 shares during the period. Russell Investments Group Ltd.'s holdings in RH were worth $2,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invst LLC acquired a new stake in shares of RH in the 3rd quarter valued at approximately $752,000. Virtu Financial LLC acquired a new stake in RH in the third quarter valued at $4,268,000. Sanctuary Advisors LLC increased its stake in shares of RH by 55.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,755 shares of the company's stock worth $1,382,000 after purchasing an additional 1,341 shares during the last quarter. Blankinship & Foster LLC bought a new stake in shares of RH in the 3rd quarter valued at about $846,000. Finally, Inspire Trust Co. N.A. lifted its stake in RH by 8.6% in the 3rd quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company's stock valued at $1,694,000 after purchasing an additional 400 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RH has been the topic of several research analyst reports. Telsey Advisory Group dropped their price objective on RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. Stifel Nicolaus dropped their price target on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company reduced their price objective on shares of RH from $375.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. UBS Group dropped their price objective on shares of RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Bank of America downgraded shares of RH from a "buy" rating to an "underperform" rating and reduced their target price for the stock 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 given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $278.44.

RH Stock Performance

Shares of RH stock traded up $5.94 on Thursday, reaching $180.42. 425,417 shares of the stock were exchanged, compared to its average volume of 937,179. The firm's 50 day moving average is $240.35 and its 200-day moving average is $330.26. RH has a one year low of $123.03 and a one year high of $457.26. The firm has a market cap of $3.38 billion, a PE ratio of 51.86, a P/E/G ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 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 for the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the firm posted $0.72 EPS. RH's quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect 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.