Ameriprise Financial Inc. Sells 476 Shares of RH (NYSE:RH)

Ameriprise Financial Inc. lowered its position in RH (NYSE:RH) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,680 shares of the company’s stock after selling 476 shares during the period. Ameriprise Financial Inc. owned about 0.12% of RH worth $8,927,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RH. UMB Bank n.a. grew its holdings in RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the period. Rakuten Securities Inc. grew its holdings in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the period. Golden State Wealth Management LLC bought a new stake in RH during the fourth quarter valued at about $68,000. Pingora Partners LLC purchased a new position in shares of RH in the fourth quarter valued at about $79,000. Finally, Spire Wealth Management purchased a new position in shares of RH in the fourth quarter valued at about $80,000. Institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RH. JPMorgan Chase & Co. lowered their price objective on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Loop Capital lowered their price objective on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. 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. Guggenheim lowered their price objective on RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $275.94.

RH Price Performance

Shares of NYSE RH opened at $207.54 on Wednesday. The business’s 50 day moving average is $197.38 and its two-hundred day moving average is $312.87. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The stock has a market capitalization of $3.89 billion, a P/E ratio of 59.64, a PEG ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate 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 negative return on equity of 35.72% and a net margin of 2.25%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts anticipate that RH will post 4.39 earnings per share 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.