Alpha DNA Investment Management LLC Purchases Shares of 269 RH (NYSE:RH)


Share on StockTwits

Alpha DNA Investment Management LLC purchased a new stake in RH (NYSE:RH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 269 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds have also modified their holdings of the business. California Public Employees Retirement System increased its stake in shares of RH by 5.8% during the 4th quarter. California Public Employees Retirement System now owns 37,693 shares of the company’s stock worth $16,868,000 after purchasing an additional 2,077 shares during the last quarter. Rational Advisors LLC increased its stake in shares of RH by 71.9% during the 4th quarter. Rational Advisors LLC now owns 5,500 shares of the company’s stock worth $2,461,000 after purchasing an additional 2,300 shares during the last quarter. Gyon Technologies Capital Management LP increased its stake in shares of RH by 5.7% during the 4th quarter. Gyon Technologies Capital Management LP now owns 970 shares of the company’s stock worth $434,000 after purchasing an additional 52 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of RH by 34.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,508 shares of the company’s stock worth $1,122,000 after purchasing an additional 640 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of RH during the 4th quarter worth about $1,229,000.

Several brokerages recently commented on RH. Barclays lifted their target price on shares of RH from $562.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, April 1st. Loop Capital lifted their target price on shares of RH from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, March 31st. JPMorgan Chase & Co. lifted their target price on shares of RH from $570.00 to $610.00 and gave the stock an “overweight” rating in a report on Wednesday, March 31st. Wedbush lifted their target price on shares of RH from $520.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, March 25th. Finally, Wells Fargo & Company lifted their target price on shares of RH from $525.00 to $575.00 and gave the stock an “overweight” rating in a report on Wednesday, March 31st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $508.22.

Shares of NYSE:RH opened at $587.56 on Thursday. The firm has a 50 day moving average of $510.22 and a 200-day moving average of $452.56. The stock has a market capitalization of $12.34 billion, a PE ratio of 74.94, a PEG ratio of 1.06 and a beta of 2.58. The company has a current ratio of 0.83, a quick ratio of 0.27 and a debt-to-equity ratio of 3.59. RH has a 12 month low of $105.08 and a 12 month high of $619.52.

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

About RH

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.

Read More: Balanced Fund

Want to see what other hedge funds are holding RH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RH (NYSE:RH).

Institutional Ownership by Quarter for RH (NYSE:RH)

Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.