16,900 Shares in RH (NYSE:RH) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,900 shares of the company’s stock, valued at approximately $6,652,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in RH by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 1,407 shares of the company’s stock valued at $554,000 after acquiring an additional 118 shares in the last quarter. EAM Investors LLC purchased a new position in shares of RH during the 4th quarter valued at $4,426,000. Evergreen Capital Management LLC increased its holdings in shares of RH by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 17,328 shares of the company’s stock worth $6,820,000 after purchasing an additional 304 shares during the period. Senvest Management LLC raised its position in shares of RH by 35.6% in the fourth quarter. Senvest Management LLC now owns 315,368 shares of the company’s stock worth $124,126,000 after buying an additional 82,742 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in RH during the fourth quarter valued at $284,000. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RH. Citigroup restated a “neutral” rating and issued a $200.00 target price (down from $437.00) on shares of RH in a research note on Thursday, April 3rd. Guggenheim lowered their target price on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Wedbush cut their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on shares of RH from $375.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $278.44.

RH Stock Performance

NYSE:RH opened at $155.91 on Tuesday. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm has a market cap of $2.92 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The business has a 50 day moving average price of $248.66 and a 200-day moving average price of $332.45.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million for the quarter, compared to analysts’ expectations of $828.21 million. During the same period in the previous year, the company earned $0.72 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts predict that RH will post 4.39 EPS for the current year.

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.