State of Alaska Department of Revenue bought a new position in RH (NYSE:RH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,220 shares of the company’s stock, valued at approximately $195,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in RH by 12.8% in the third quarter. Advisor Group Inc. now owns 5,908 shares of the company’s stock worth $203,000 after buying an additional 672 shares in the last quarter. Spears Abacus Advisors LLC purchased a new stake in RH during the third quarter worth about $213,000. Cipher Capital LP purchased a new stake in RH during the fourth quarter worth about $214,000. Fiera Capital Corp bought a new position in RH during the fourth quarter worth approximately $236,000. Finally, FIL Ltd bought a new position in RH during the fourth quarter worth approximately $270,000.
RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. RH had a net margin of 1.33% and a return on equity of 7.09%. The company had revenue of $586.70 million during the quarter, compared to analysts’ expectations of $585 million. During the same quarter in the prior year, the company earned $0.98 EPS. RH’s revenue was down 9.3% compared to the same quarter last year.
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RH has been the subject of a number of analyst reports. Vetr lowered RH from a “strong-buy” rating to a “buy” rating and set a $36.00 price target for the company. in a report on Monday, February 27th. Guggenheim reissued a “buy” rating and set a $30.00 price objective (down previously from $45.00) on shares of RH in a research note on Friday, February 24th. Zacks Investment Research raised RH from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, February 23rd. Citigroup Inc began coverage on RH in a research note on Friday, April 28th. They set a “buy” rating and a $56.00 price objective for the company. Finally, Bank of America Corp reissued a “buy” rating and set a $64.00 price objective (up previously from $48.00) on shares of RH in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. RH presently has a consensus rating of “Hold” and an average target price of $44.45.
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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