Deutsche Bank AG Acquires 8,127 Shares of RH (NYSE:RH)

Deutsche Bank AG raised its holdings in RH (NYSE:RH) by 607.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,464 shares of the company’s stock after purchasing an additional 8,127 shares during the quarter. Deutsche Bank AG owned 0.05% of RH worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Grassi Investment Management purchased a new position in shares of RH during the 4th quarter valued at $236,000. UMB Bank n.a. lifted its position in shares of RH by 125.8% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of RH during the 4th quarter valued at $227,000. Crossmark Global Holdings Inc. lifted its holdings in RH by 5.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,205 shares of the company’s stock worth $474,000 after purchasing an additional 67 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in RH by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Price Performance

Shares of NYSE RH opened at $207.54 on Wednesday. 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. 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.

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 the consensus estimate of $1.91 by ($0.33). The firm had revenue of $812.41 million during 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. As a group, equities research analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

RH has been the topic of a number of recent research reports. Loop Capital dropped their price objective on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Citigroup reissued a “neutral” rating and set a $200.00 price objective (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Barclays dropped their price objective on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Bank of America upped their target price on RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. decreased their target price on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $275.94.

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.