Rhumbline Advisers increased its holdings in shares of RH (NYSE:RH) by 12.2% during the fourth quarter, Holdings Channel reports. The fund owned 43,951 shares of the company’s stock after acquiring an additional 4,777 shares during the quarter. Rhumbline Advisers’ holdings in RH were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the stock. Swiss National Bank grew its holdings in RH by 1.7% in the 4th quarter. Swiss National Bank now owns 53,630 shares of the company’s stock valued at $4,623,000 after buying an additional 900 shares in the last quarter. LS Investment Advisors LLC grew its holdings in RH by 145.5% in the 4th quarter. LS Investment Advisors LLC now owns 1,652 shares of the company’s stock valued at $142,000 after buying an additional 979 shares in the last quarter. California Public Employees Retirement System grew its holdings in RH by 2.2% in the 4th quarter. California Public Employees Retirement System now owns 72,921 shares of the company’s stock valued at $6,287,000 after buying an additional 1,562 shares in the last quarter. Adell Harriman & Carpenter Inc. acquired a new position in RH in the 4th quarter valued at $203,000. Finally, Wealth Architects LLC acquired a new position in RH in the 4th quarter valued at $241,000.
Shares of RH (RH) opened at $75.98 on Wednesday. The stock has a market capitalization of $1,590.00, a price-to-earnings ratio of 180.90, a PEG ratio of 0.72 and a beta of 1.76. RH has a 1-year low of $32.70 and a 1-year high of $109.53. The company has a current ratio of 1.47, a quick ratio of 0.28 and a debt-to-equity ratio of -48.40.
RH has been the topic of a number of research reports. Zacks Investment Research lowered RH from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Deutsche Bank upped their price objective on RH from $100.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Loop Capital raised RH from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, January 11th. Barclays upped their price objective on RH from $65.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, December 6th. Finally, Moffett Nathanson initiated coverage on RH in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.44.
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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