Connor Clark & Lunn Investment Management Ltd. Invests $1.53 Million in RH (NYSE:RH)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in RH (NYSE:RH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,536 shares of the company’s stock, valued at approximately $1,532,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. grew its stake in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after purchasing an additional 111 shares in the last quarter. NBC Securities Inc. bought a new position in shares of RH in the first quarter worth $45,000. Pingora Partners LLC bought a new position in shares of RH in the fourth quarter worth $79,000. Finally, Putney Financial Group LLC bought a new position in shares of RH in the fourth quarter worth $98,000. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RH. Robert W. Baird raised their target price on RH from $215.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. The Goldman Sachs Group cut RH from a “neutral” rating to a “sell” rating and decreased their target price for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of RH in a research note on Wednesday, July 2nd. Wall Street Zen raised RH from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, UBS Group decreased their target price on RH from $235.00 to $215.00 and set a “neutral” rating for the company in a research note on Thursday, June 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RH currently has an average rating of “Hold” and an average target price of $270.35.

RH Trading Down 0.4%

Shares of RH stock opened at $234.13 on Friday. The stock has a 50-day moving average price of $202.97 and a 200 day moving average price of $231.23. The company has a market cap of $4.39 billion, a P/E ratio of 55.75, a P/E/G ratio of 0.68 and a beta of 2.16. RH has a 1 year low of $123.03 and a 1 year high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.40) EPS. On average, equities analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

About RH

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.