Alpha DNA Investment Management LLC Takes Position in RH (NYSE:RH)

Alpha DNA Investment Management LLC acquired a new position in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 269 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in RH by 30.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,515,616 shares of the company’s stock worth $1,125,788,000 after buying an additional 585,804 shares during the last quarter. D1 Capital Partners L.P. increased its holdings in RH by 108.0% during the fourth quarter. D1 Capital Partners L.P. now owns 1,133,351 shares of the company’s stock worth $507,197,000 after buying an additional 588,388 shares during the last quarter. Pelham Capital Ltd. purchased a new stake in RH during the fourth quarter worth about $128,214,000. Lord Abbett & CO. LLC increased its holdings in RH by 4.4% during the fourth quarter. Lord Abbett & CO. LLC now owns 174,721 shares of the company’s stock worth $78,191,000 after buying an additional 7,417 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in RH by 7.2% during the third quarter. Voloridge Investment Management LLC now owns 166,333 shares of the company’s stock worth $63,642,000 after buying an additional 11,178 shares during the last quarter.

RH stock opened at $587.56 on Thursday. The company has a market capitalization of $12.34 billion, a PE ratio of 74.94, a price-to-earnings-growth ratio of 1.06 and a beta of 2.58. RH has a one year low of $105.08 and a one year high of $619.52. The company’s 50 day moving average price is $510.22 and its two-hundred day moving average price is $452.56. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.27 and a current ratio of 0.83.

RH (NYSE:RH) last issued its earnings results on Tuesday, March 23rd. The company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.78 by $0.29. RH had a net margin of 7.78% and a return on equity of 354.62%. The company had revenue of $812.62 million for the quarter, compared to the consensus estimate of $796.31 million. During the same period in the previous year, the firm earned $3.72 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, research analysts predict that RH will post 17.57 EPS for the current year.

A number of brokerages have weighed in on RH. Guggenheim increased their target price on shares of RH from $525.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Jefferies Financial Group upgraded shares of RH from an “underperform” rating to a “hold” rating and increased their target price for the stock from $335.00 to $500.00 in a research report on Thursday, April 1st. JPMorgan Chase & Co. increased their target price on shares of RH from $570.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 31st. Telsey Advisory Group increased their target price on shares of RH from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 31st. Finally, Citigroup began coverage on shares of RH in a research report on Monday, March 15th. They set a “buy” rating and a $560.00 target price for the company. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $508.22.

RH 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, restorationhardware.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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