Voloridge Investment Management LLC Buys New Holdings in RH (NYSE:RH)

Voloridge Investment Management LLC bought a new stake in shares of RH (NYSE:RH) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,918 shares of the company’s stock, valued at approximately $36,344,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RH. Harbour Investments Inc. purchased a new stake in RH in the 1st quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new position in shares of RH in the 1st quarter worth approximately $27,000. TCI Wealth Advisors Inc. raised its position in shares of RH by 122.2% in the 1st quarter. TCI Wealth Advisors Inc. now owns 60 shares of the company’s stock worth $36,000 after acquiring an additional 33 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of RH in the 1st quarter worth approximately $41,000. Finally, Berman Capital Advisors LLC raised its position in shares of RH by 62.5% in the 1st quarter. Berman Capital Advisors LLC now owns 78 shares of the company’s stock worth $46,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.

A number of research analysts recently weighed in on RH shares. raised their price objective on RH from $634.00 to $770.00 and gave the company a “buy” rating in a research report on Thursday, June 10th. JPMorgan Chase & Co. lifted their price objective on RH from $750.00 to $770.00 and gave the stock an “overweight” rating in a report on Thursday, June 10th. Gordon Haskett upgraded shares of RH from a “hold” rating to an “accumulate” rating and upped their target price for the company from $550.00 to $750.00 in a research note on Thursday, June 10th. William Blair restated an “outperform” rating on shares of RH in a research note on Tuesday, April 27th. Finally, Wedbush upped their target price on shares of RH from $700.00 to $720.00 and gave the company an “outperform” rating in a research note on Thursday, June 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. RH has a consensus rating of “Buy” and a consensus price target of $670.31.

RH traded down $4.30 during trading on Thursday, reaching $669.31. 3,033 shares of the company traded hands, compared to its average volume of 486,264. The company has a current ratio of 0.97, a quick ratio of 0.39 and a debt-to-equity ratio of 1.81. RH has a 12-month low of $277.02 and a 12-month high of $733.05. The business’s fifty day simple moving average is $659.78. The stock has a market capitalization of $14.08 billion, a P/E ratio of 48.64, a P/E/G ratio of 1.68 and a beta of 2.49.

RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, June 8th. The company reported $4.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.69. RH had a net margin of 12.57% and a return on equity of 156.85%. The business had revenue of $860.79 million during the quarter, compared to analyst estimates of $757.74 million. During the same period last year, the firm posted $1.27 EPS. The company’s revenue was up 82.0% on a year-over-year basis. On average, equities research analysts predict that RH will post 22.36 earnings per share for the current year.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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