Wellington Management Group LLP Purchases 5,506 Shares of RH (NYSE:RH)

Wellington Management Group LLP grew its stake in shares of RH (NYSE:RH - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,880 shares of the company's stock after purchasing an additional 5,506 shares during the quarter. Wellington Management Group LLP owned 0.24% of RH worth $17,664,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of RH during the fourth quarter worth about $211,000. California Public Employees Retirement System grew its position in shares of RH by 20.9% during the fourth quarter. California Public Employees Retirement System now owns 23,296 shares of the company's stock worth $9,169,000 after buying an additional 4,031 shares in the last quarter. SCP Investment LP raised its holdings in RH by 10.3% in the fourth quarter. SCP Investment LP now owns 75,000 shares of the company's stock valued at $29,519,000 after acquiring an additional 7,000 shares in the last quarter. Maridea Wealth Management LLC bought a new position in RH during the 4th quarter valued at $439,000. Finally, Level Four Advisory Services LLC grew its holdings in RH by 5.4% during the 4th quarter. Level Four Advisory Services LLC now owns 18,047 shares of the company's stock worth $7,103,000 after acquiring an additional 921 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Insider Activity at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward T. Lee sold 600 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock valued at $24,550,754 over the last ninety days. 28.10% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

RH has been the subject of a number of research reports. Bank of America downgraded RH from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $410.00 to $130.00 in a research note on Thursday, April 3rd. Citigroup reiterated a "neutral" rating and issued a $200.00 target price (down previously from $437.00) on shares of RH in a research report on Thursday, April 3rd. Telsey Advisory Group reduced their price target on shares of RH from $420.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. Wedbush dropped their target price on RH from $500.00 to $350.00 and set an "outperform" rating on the stock in a report on Wednesday, March 26th. Finally, Guggenheim lowered their price target on RH from $500.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $283.94.

RH Stock Up 1.0 %

RH stock traded up $1.62 during midday trading on Monday, hitting $166.24. 234,092 shares of the company traded hands, compared to its average volume of 1,368,741. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The business has a 50 day simple moving average of $277.36 and a 200-day simple moving average of $339.84.

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 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 firm had revenue of $812.41 million during the quarter, compared to analyst estimates of $828.21 million. During the same period last year, the company earned $0.72 EPS. The company's revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that RH will post 4.39 EPS for the current 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.