1 week Ago By Defense World Staff
Prudential Financial Inc. reduced its stake in RH (NYSE:RH – Free Report) by 12.1% during the fourth quarter, according to its most recent filing with the SEC.
The fund owned 1,035 shares of the company’s stock after selling 143 shares during the quarter. Prudential Financial Inc.’s holdings in RH were worth $407,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of RH by 1.
3% during the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock valued at $551,817,000 after acquiring an additional 18,389 shares during the period.
LPL Financial LLC grew its holdings 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 purchasing an additional 3,473 shares during the period.
Del Sette Capital Management LLC purchased a new stake in RH in the fourth quarter worth $2,189,000. KLP Kapitalforvaltning AS bought a new stake in shares of RH in the fourth quarter valued at $1,181,000. Finally, AXQ Capital LP purchased a new position in shares of RH during the 4th quarter valued at $548,000.
Institutional investors own 90.17% of the company’s stock. RH Price PerformanceShares of RH stock opened at $190.
25 on Thursday. RH has a 1 year low of $123.03 and a 1 year high of $457.
26. The firm has a market cap of $3.56 billion, a PE ratio of 54.
67, a PEG ratio of 2.65 and a beta of 2.44.
The company has a 50 day simple moving average of $286.67 and a two-hundred day simple moving average of $342.22.
RH (NYSE:RH – Get Free Report) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.
91 by ($0.33). RH had a negative return on equity of 35.
72% and a net margin of 2.25%. The company had revenue of $812.
41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter last year, the firm posted $0.
72 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis.
As a group, research analysts anticipate that RH will post 4.39 earnings per share for the current year. Analyst Upgrades and DowngradesSeveral brokerages recently weighed in on RH.
Bank of America lowered RH from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $410.00 to $130.00 in a report on Thursday, April 3rd.
Robert W. Baird lowered their price target on shares of RH from $400.00 to $215.
00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Wedbush cut their price objective on shares of RH from $500.00 to $350.
00 and set an “outperform” rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group set a $276.00 target price on shares of RH in a report on Thursday, April 3rd.
Finally, Barclays dropped their target price on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd.
Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $283.94.
View Our Latest Stock Analysis on RHInsider Buying and Selling at RHIn other news, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.
00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward T.
Lee sold 600 shares of RH stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total transaction of $268,038.
00. The disclosure for this sale can be found here. Insiders sold a total of 55,880 shares of company stock worth $24,550,754 over the last three months.
Company insiders own 28.10% of the company’s stock. RH Company Profile (Free Report)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.See AlsoFive stocks we like better than RHP/E Ratio Calculation: How to Assess StocksQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreCanadian Penny Stocks: Can They Make You Rich? Are Tariffs Threatening Disney’s Comeback Story?5 discounted opportunities for dividend growth investorsIs Alphabet a Generational Buying Opportunity at These Levels?.
