RBF Capital LLC Buys Shares of 4,000 RH (NYSE:RH)

RBF Capital LLC purchased a new position in shares of RH (NYSE:RH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $1,574,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after purchasing an additional 346,050 shares during the period. Norges Bank bought a new stake in RH during the 4th quarter valued at $54,314,000. Raymond James Financial Inc. purchased a new stake in shares of RH during the fourth quarter worth $52,190,000. American Century Companies Inc. boosted its holdings in shares of RH by 2,227.7% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after acquiring an additional 101,160 shares during the period. Finally, Wolf Hill Capital Management LP grew its position in shares of 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 in the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Stock Performance

RH stock opened at $172.61 on Wednesday. The firm has a market cap of $3.23 billion, a P/E ratio of 49.60, a P/E/G ratio of 2.65 and a beta of 2.44. The firm’s fifty day moving average is $244.51 and its 200 day moving average is $331.34. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data 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). The company had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. As a group, analysts forecast that RH will post 4.39 EPS for the current year.

Wall Street Analysts Forecast Growth

RH has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on RH from $510.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Telsey Advisory Group lowered their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, April 3rd. Wedbush reduced their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. UBS Group lowered their price objective on RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Robert W. Baird reduced their target price on RH from $400.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company 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.