GAMMA Investing LLC Acquires 111 Shares of RH (NYSE:RH)

GAMMA Investing LLC raised its holdings in RH (NYSE:RH) by 146.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187 shares of the company’s stock after buying an additional 111 shares during the quarter. GAMMA Investing LLC’s holdings in RH were worth $44,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RH. Alliancebernstein L.P. grew its position in shares of RH by 1,960.8% in the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after buying an additional 346,050 shares during the last quarter. Norges Bank bought a new stake in shares of RH in the 4th quarter worth approximately $54,314,000. Raymond James Financial Inc. bought a new stake in shares of RH in the 4th quarter worth approximately $52,190,000. Freestone Grove Partners LP bought a new stake in shares of RH in the 4th quarter worth approximately $44,744,000. Finally, American Century Companies Inc. grew its position in shares of RH by 2,227.7% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $41,603,000 after buying an additional 101,160 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Price Performance

RH stock opened at $213.61 on Friday. RH has a one year low of $123.03 and a one year high of $457.26. The stock has a market capitalization of $4.00 billion, a PE ratio of 50.86, a price-to-earnings-growth ratio of 0.59 and a beta of 2.17. The business’s fifty day moving average is $193.03 and its 200 day moving average is $267.86.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The company had revenue of $813.95 million for the quarter, compared to analysts’ expectations of $817.66 million. During the same period last year, the firm posted ($0.40) earnings per share. RH’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RH has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on RH from $215.00 to $230.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. UBS Group reduced their price target on RH from $235.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, June 5th. Wedbush reduced their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Citigroup reaffirmed a “neutral” rating and issued a $200.00 price target (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Finally, Telsey Advisory Group reduced their price target on RH from $280.00 to $255.00 and set an “outperform” rating on the stock in a research note on Monday, June 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $270.35.

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.