RH (NYSE:RH) Short Interest Update

by · The Cerbat Gem

RH (NYSE:RH – Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,130,000 shares, a growth of 18.3% from the March 15th total of 1,800,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 1.6 days. Currently, 14.0% of the company’s stock are sold short.

Insider Activity at RH

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 28.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in shares of RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares during the last quarter. Versant Capital Management Inc raised its position in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of RH by 533.3% in the 4th quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the period. Sunbelt Securities Inc. increased its stake in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after buying an additional 69 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays cut their price target on shares of RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. dropped their target price on RH from $510.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. UBS Group decreased their price objective on shares of RH from $250.00 to $235.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Telsey Advisory Group reduced their target price on shares of RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 3rd. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $278.44.

View Our Latest Analysis on RH

RH Stock Down 3.2 %

Shares of RH stock traded down $5.22 during trading hours on Monday, reaching $155.91. 1,340,854 shares of the company’s stock were exchanged, compared to its average volume of 922,309. The company has a market capitalization of $2.92 billion, a P/E ratio of 44.80, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business has a fifty day moving average of $253.03 and a two-hundred day moving average of $333.69.

RH (NYSE:RH – Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) 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 company had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts predict that RH will post 4.39 EPS for the current year.

About RH

(Get 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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