RH (NYSE:RH) Holdings Reduced by Atom Investors LP

Atom Investors LP lessened its holdings in shares of RH (NYSE:RH) by 37.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,662 shares of the company’s stock after selling 5,221 shares during the period. Atom Investors LP’s holdings in RH were worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. lifted its holdings in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Ridgewood Investments LLC bought a new stake in shares of RH during the 2nd quarter worth about $62,000. Centaurus Financial Inc. bought a new stake in shares of RH during the 3rd quarter worth about $100,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of RH in the 3rd quarter worth approximately $110,000. Finally, KBC Group NV boosted its holdings in shares of RH by 25.8% in the third quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after acquiring an additional 93 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Down 1.5 %

RH stock opened at $379.26 on Tuesday. RH has a one year low of $212.43 and a one year high of $398.22. The firm has a 50-day moving average of $338.18 and a two-hundred day moving average of $290.01. The firm has a market capitalization of $6.99 billion, a PE ratio of 223.10, a P/E/G ratio of 2.18 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter in the previous year, the business earned $3.93 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that RH will post 5.66 earnings per share for the current year.

Insider Activity

In other news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 over the last quarter. Corporate insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on RH. Barclays dropped their target price on RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Citigroup boosted their price objective on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus upped their price objective on RH from $315.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 16th. Bank of America lifted their target price on RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Loop Capital boosted their price target on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, RH currently has an average rating of “Hold” and an average price target of $326.14.

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.