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 (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, dÃ©cor, 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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