Sterling Capital Management LLC Buys 253 Shares of RH (NYSE:RH)

Sterling Capital Management LLC boosted its position in RH (NYSE:RH) by 49.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762 shares of the company’s stock after buying an additional 253 shares during the period. Sterling Capital Management LLC’s holdings in RH were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RH. Invst LLC bought a new position in shares of RH in the 3rd quarter worth $752,000. Virtu Financial LLC acquired a new position in shares of RH during the third quarter valued at about $4,268,000. Blankinship & Foster LLC bought a new stake in shares of RH during the third quarter worth about $846,000. Inspire Trust Co. N.A. raised its holdings in shares of RH by 8.6% in the 3rd quarter. Inspire Trust Co. N.A. now owns 5,065 shares of the company’s stock worth $1,694,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Up 4.3 %

NYSE RH opened at $160.42 on Monday. The stock’s 50-day simple moving average is $253.03 and its two-hundred day simple moving average is $333.69. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 2.65 and a beta of 2.44.

RH (NYSE:RH) last issued its 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 during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter in the previous year, the business earned $0.72 EPS. RH’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Loop Capital decreased their price objective on RH from $450.00 to $190.00 and set a “hold” rating for the company in a report on Friday, April 4th. Wedbush dropped their price objective on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Barclays reduced their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Bank of America cut shares of RH from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $410.00 to $130.00 in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price target on RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Three investment 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $278.44.

Insiders Place Their Bets

In other news, insider Eri Chaya sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 28.10% of the company’s stock.

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.