Handelsbanken Fonder AB Sells 1,000 Shares of RH (NYSE:RH)

Handelsbanken Fonder AB trimmed its stake in RH (NYSE:RH) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,096 shares of the company’s stock after selling 1,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in RH were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in shares of RH by 0.7% during the 4th quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after acquiring an additional 18,040 shares during the period. Vanguard Group Inc. lifted its holdings in RH by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after purchasing an additional 18,389 shares during the last quarter. Anomaly Capital Management LP boosted its position in RH by 9.6% during the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock worth $189,360,000 after purchasing an additional 41,986 shares during the period. Alliancebernstein L.P. boosted its position in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after purchasing an additional 346,050 shares during the period. Finally, Senvest Management LLC increased its stake in shares of RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after purchasing an additional 82,742 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RH. Telsey Advisory Group dropped their price target on shares of RH from $280.00 to $255.00 and set an “outperform” rating on the stock in a research note on Monday, June 9th. Citigroup reissued a “neutral” rating and set a $200.00 target price (down previously from $437.00) on shares of RH in a report on Thursday, April 3rd. The Goldman Sachs Group dropped their target price on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Robert W. Baird cut their price target on RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Bank of America boosted their price objective on RH from $144.00 to $172.00 and gave the company an “underperform” rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $270.00.

RH Trading Up 7.1%

Shares of NYSE RH opened at $189.47 on Monday. The business has a 50-day moving average of $184.37 and a 200-day moving average of $292.50. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 2.65 and a beta of 2.19. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million during the quarter, compared to analysts’ expectations of $817.66 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) EPS. On average, analysts predict that RH will post 4.39 earnings per share 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.