Ameriprise Financial Inc. Sells 476 Shares of RH (NYSE:RH)

Ameriprise Financial Inc. decreased its holdings in shares of RH (NYSE:RH) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,680 shares of the company’s stock after selling 476 shares during the period. Ameriprise Financial Inc.’s holdings in RH were worth $8,927,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in RH by 180.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after buying an additional 72 shares during the period. Golden State Wealth Management LLC purchased a new stake in RH during the fourth quarter worth $68,000. Pingora Partners LLC purchased a new stake in RH during the fourth quarter worth $79,000. Finally, Spire Wealth Management purchased a new stake in RH during the fourth quarter worth $80,000. Institutional investors own 90.17% of the company’s stock.

RH Stock Performance

NYSE RH opened at $207.54 on Wednesday. The stock has a 50-day simple moving average of $197.38 and a two-hundred day simple moving average of $312.87. The firm has a market capitalization of $3.89 billion, a P/E ratio of 59.64, a PEG ratio of 2.65 and a beta of 2.36. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RH. Morgan Stanley lowered their target price on RH from $530.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group decreased their price objective on RH from $276.00 to $194.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Telsey Advisory Group decreased their price objective on RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 3rd. Robert W. Baird decreased their price objective on RH from $400.00 to $215.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Bank of America increased their price objective on RH from $144.00 to $172.00 and gave the company an “underperform” rating in a report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $275.94.

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.