Banco Bilbao Vizcaya Argentaria S.A. Cuts Stock Holdings in RH (NYSE:RH)

by · The Cerbat Gem

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in RH (NYSE:RH – Free Report) by 18.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,368 shares of the company’s stock after selling 773 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in RH were worth $1,320,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. FMR LLC boosted its position in RH by 0.7% in the fourth quarter. FMR LLC now owns 2,790,314 shares of the company’s stock worth $1,098,240,000 after purchasing an additional 18,040 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of RH by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock worth $551,817,000 after buying an additional 18,389 shares during the last quarter. Anomaly Capital Management LP grew its position in RH by 9.6% during the fourth quarter. Anomaly Capital Management LP now owns 481,111 shares of the company’s stock valued at $189,360,000 after buying an additional 41,986 shares during the period. Alliancebernstein L.P. grew its position in RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock valued at $143,148,000 after buying an additional 346,050 shares during the period. Finally, Senvest Management LLC increased its holdings in RH by 35.6% during 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 during the last quarter. 90.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on RH from $375.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Guggenheim cut their price target on RH from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Loop Capital decreased their price objective on RH from $450.00 to $190.00 and set a “hold” rating for the company in a report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $278.44.

Get Our Latest Stock Report on RH

RH Stock Performance

RH stock opened at $185.76 on Monday. The stock has a market cap of $3.48 billion, a P/E ratio of 53.38, a PEG ratio of 2.65 and a beta of 2.44. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm’s fifty day moving average price is $232.35 and its 200-day moving average price is $328.50.

RH (NYSE:RH – Get Free Report) last released 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 business had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same period in the previous year, the business earned $0.72 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts predict that RH will post 4.39 earnings per share for the current year.

RH Profile

(Free Report)

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.

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