Amundi cut its holdings in shares of RH (NYSE:RH – Free Report) by 35.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,691 shares of the company’s stock after selling 5,229 shares during the period. Amundi owned about 0.05% of RH worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of RH by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock valued at $330,509,000 after buying an additional 7,952 shares during the period. Atreides Management LP lifted its holdings in shares of RH by 69.1% in the 1st quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after buying an additional 193,404 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of RH by 5.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company’s stock valued at $61,757,000 after buying an additional 12,460 shares during the period. Invesco Ltd. lifted its holdings in shares of RH by 38.2% in the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company’s stock valued at $58,239,000 after buying an additional 68,629 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of RH by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company’s stock valued at $44,736,000 after buying an additional 3,144 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.
RH Trading Down 0.4%
NYSE:RH opened at $227.94 on Friday. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock has a 50 day moving average of $218.13 and a two-hundred day moving average of $210.04. The firm has a market cap of $4.27 billion, a P/E ratio of 54.27, a price-to-earnings-growth ratio of 0.66 and a beta of 2.15.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Wall Street Zen raised RH from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of RH in a research report on Wednesday, July 2nd. Zelman & Associates decreased their price objective on shares of RH from $305.00 to $251.00 and set an “outperform” rating for the company in a research report on Wednesday, July 9th. Robert W. Baird upped their price objective on shares of RH from $215.00 to $230.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $255.00 price objective on shares of RH in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, RH currently has an average rating of “Hold” and an average target price of $273.47.
View Our Latest Analysis on RH
RH 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.
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