RH (NYSE:RH) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in shares of RH (NYSE:RH) by 81.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,856 shares of the company’s stock after buying an additional 1,734 shares during the period. Cetera Investment Advisers’ holdings in RH were worth $1,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grassi Investment Management acquired a new stake in RH in the fourth quarter worth approximately $236,000. UMB Bank n.a. lifted its position in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. Koshinski Asset Management Inc. acquired a new stake in RH in the fourth quarter worth approximately $227,000. Crossmark Global Holdings Inc. lifted its position in RH by 5.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,205 shares of the company’s stock worth $474,000 after purchasing an additional 67 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in RH by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company’s stock worth $534,000 after purchasing an additional 52 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RH has been the topic of several research reports. Telsey Advisory Group dropped their price target on RH from $420.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Barclays dropped their price target on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group dropped their price target on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Wedbush dropped their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $275.94.

RH Trading Up 1.8%

NYSE RH opened at $207.54 on Wednesday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market capitalization of $3.89 billion, a PE ratio of 59.64, a price-to-earnings-growth ratio of 2.65 and a beta of 2.36. The firm’s fifty day simple moving average is $197.38 and its 200-day simple moving average is $312.87.

RH (NYSE:RH) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company had revenue of $812.41 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.72 earnings per share. As a group, analysts predict that RH will post 4.39 EPS for the current year.

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.