Cerity Partners LLC Sells 943 Shares of RH (NYSE:RH)

Cerity Partners LLC lessened its stake in RH (NYSE:RH) by 31.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,025 shares of the company’s stock after selling 943 shares during the period. Cerity Partners LLC’s holdings in RH were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC increased its position in RH by 61.3% during the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company’s stock valued at $3,598,000 after acquiring an additional 3,473 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of RH by 146.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company’s stock valued at $934,000 after purchasing an additional 2,371 shares during the period. Deutsche Bank AG increased its position in shares of RH by 607.9% during the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company’s stock valued at $3,725,000 after purchasing an additional 8,127 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of RH by 49.7% in the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company’s stock worth $300,000 after purchasing an additional 253 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of RH by 16.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,257 shares of the company’s stock worth $888,000 after buying an additional 314 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RH has been the subject of a number of recent research reports. Loop Capital cut their price objective on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Barclays lowered their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Citigroup reissued a “neutral” rating and set a $200.00 price target (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. The Goldman Sachs Group cut shares of RH from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $199.00 to $179.00 in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus decreased their price target on RH from $450.00 to $390.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $270.35.

RH Stock Performance

Shares of RH opened at $214.23 on Friday. The company has a 50 day moving average price of $192.91 and a 200-day moving average price of $252.70. The stock has a market capitalization of $4.01 billion, a PE ratio of 51.01, a PEG ratio of 0.62 and a beta of 2.17. RH has a fifty-two week low of $123.03 and a fifty-two week 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 the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.40) EPS. Equities research analysts forecast 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.