Tabor Asset Management LP Makes New $3.45 Million Investment in RH (NYSE:RH)

Tabor Asset Management LP bought a new stake in RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,818 shares of the company's stock, valued at approximately $3,445,000. Tabor Asset Management LP owned approximately 0.06% of RH as of its most recent SEC filing.3 High Beta Stocks to Beat a Low VIXA number of other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its position in RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company's stock worth $566,636,000 after purchasing an additional 221,858 shares during the period. Norges Bank acquired a new position in RH during the fourth quarter worth $38,736,000. Quadrature Capital Ltd purchased a new position in RH in the third quarter worth $31,828,000. Senvest Management LLC lifted its holdings in RH by 47.4% in the fourth quarter. Senvest Management LLC now owns 349,517 shares of the company's stock valued at $101,877,000 after acquiring an additional 112,455 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of RH during the 3rd quarter worth $24,295,000. 90.17% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh InA number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of RH from $329.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Wells Fargo & Company lifted their price target on shares of RH from $350.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Loop Capital boosted their price target on RH from $260.00 to $350.00 and gave the stock a "hold" rating in a research note on Monday, April 1st. The Goldman Sachs Group lifted their price objective on RH from $201.00 to $264.00 and gave the stock a "sell" rating in a report on Monday, April 1st. Finally, Robert W. Baird upped their target price on RH from $280.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $331.00.Upwork Capitalizes on the Growing AI Gig Economy Get Our Latest Analysis on RHRH Trading Down 3.8 %Shares of RH stock traded down $10.74 during trading hours on Friday, reaching $268.51. 611,367 shares of the company's stock were exchanged, compared to its average volume of 581,370. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 48.21, a price-to-earnings-growth ratio of 0.87 and a beta of 2.51. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The company has a fifty day moving average of $268.97 and a 200-day moving average of $274.33. 3 Staples Stocks to Cushion Lower Consumer SentimentRH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The business had revenue of $738.26 million during the quarter, compared to analysts' expectations of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.88 EPS. On average, equities research analysts anticipate that RH will post 8.91 earnings per share for the current fiscal year. Insiders Place Their BetsIn other news, insider Eri Chaya sold 100,000 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other RH news, insider Eri Chaya sold 100,000 shares of RH stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares of the company's stock, valued at $3,465,279.09. The disclosure for this sale can be found here. Insiders have sold a total of 103,000 shares of company stock valued at $28,897,430 over the last quarter. Company insiders own 28.10% of the company's stock. 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.Featured StoriesFive stocks we like better than RHDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness MarketBeat Week in Review – 6/3 - 6/7Utilities Stocks Explained – How and Why to Invest in UtilitiesGeron Corporation: FDA Approval Fuels Stock Price SurgeHow to Calculate Options ProfitsIntel's Secret Plan for a Double-Digit Stock Rally RevealedWant 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 - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Top 5 AI Stocks to Buy for 2024 (From Market Moving Trends) (Ad)Should you invest $1,000 in RH right now?Before you consider RH, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RH wasn't on the list.While RH currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here