2,138 Shares in RH (NYSE:RH) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of RH (NYSE:RH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,138 shares of the company’s stock, valued at approximately $715,000.

A number of other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares during the period. Ridgewood Investments LLC bought a new stake in RH during the 2nd quarter worth about $62,000. Centaurus Financial Inc. acquired a new position in RH during the 3rd quarter valued at about $100,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH in the 3rd quarter valued at about $110,000. Finally, Quarry LP acquired a new stake in shares of RH during the 3rd quarter worth approximately $141,000. 90.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 over the last ninety days. Insiders own 28.10% of the company’s stock.

RH Trading Up 16.9 %

RH opened at $445.92 on Friday. The stock has a market capitalization of $8.22 billion, a P/E ratio of 262.31, a P/E/G ratio of 2.44 and a beta of 2.44. RH has a 12 month low of $212.43 and a 12 month high of $457.26. The firm’s fifty day simple moving average is $345.55 and its 200 day simple moving average is $296.23.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter last year, the firm earned ($0.42) earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that RH will post 5.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RH shares. Guggenheim increased their price objective on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a report on Friday. TD Cowen increased their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Telsey Advisory Group lifted their price objective on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 price objective on shares of RH in a report on Wednesday, November 13th. Finally, Morgan Stanley raised their target price on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $377.07.

RH Company Profile

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.