OppenheimerFunds Inc. lowered its position in RH (NYSE:RH) by 84.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,130 shares of the company’s stock after selling 85,360 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.07% of RH worth $1,304,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of RH during the 3rd quarter worth approximately $274,000. APG Asset Management N.V. purchased a new stake in shares of RH during the 4th quarter worth approximately $948,000. Private Advisory Group LLC purchased a new stake in shares of RH during the 4th quarter worth approximately $582,000. Wealth Architects LLC purchased a new stake in shares of RH during the 4th quarter worth approximately $241,000. Finally, Engineers Gate Manager LP lifted its position in shares of RH by 51.2% during the 4th quarter. Engineers Gate Manager LP now owns 63,541 shares of the company’s stock worth $5,478,000 after buying an additional 21,517 shares during the last quarter.
Shares of RH opened at $88.89 on Friday. The company has a debt-to-equity ratio of -148.64, a quick ratio of 0.23 and a current ratio of 1.24. The firm has a market capitalization of $1,890.41, a price-to-earnings ratio of 29.14, a PEG ratio of 0.70 and a beta of 1.73. RH has a 1 year low of $41.52 and a 1 year high of $109.53.
RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, March 27th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. The company had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $672.39 million. RH had a net margin of 0.09% and a return on equity of 65.66%. RH’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. equities research analysts expect that RH will post 5.78 EPS for the current year.
In other news, insider Karen Boone sold 25,000 shares of the company’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $95.54, for a total transaction of $2,388,500.00. Following the transaction, the insider now directly owns 34,306 shares of the company’s stock, valued at approximately $3,277,595.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 11,100 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $95.46, for a total transaction of $1,059,606.00. Following the transaction, the director now directly owns 9,766 shares in the company, valued at $932,262.36. The disclosure for this sale can be found here. Corporate insiders own 18.80% of the company’s stock.
RH has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of RH from a “hold” rating to a “strong-buy” rating and set a $120.00 price objective for the company in a research report on Friday, December 8th. Loop Capital raised shares of RH from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Thursday, January 11th. UBS raised shares of RH from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th. Raymond James Financial raised shares of RH from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a report on Wednesday, March 14th. They noted that the move was a valuation call. Finally, Piper Jaffray reaffirmed a “hold” rating and issued a $103.00 target price on shares of RH in a report on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.05.
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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, tableware, and child and teen furnishings. It provides its products through its retail galleries and Source Books, as well as online through rh.com, rhmodern.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and waterworks.com Websites.
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