Point72 Hong Kong Ltd Acquires New Position in RH (NYSE:RH)

Point72 Hong Kong Ltd bought a new position in shares of RH (NYSE:RH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,778 shares of the company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Anomaly Capital Management LP raised its position in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the period. Dimensional Fund Advisors LP raised its holdings in RH by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after purchasing an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after purchasing an additional 18,563 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of RH by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after buying an additional 38,572 shares during the period. Finally, Marshall Wace LLP increased its position in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after buying an additional 64,423 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. Company insiders own 28.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. TD Cowen boosted their price objective on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Citigroup raised their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus lifted their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Barclays lowered their price objective on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $326.14.

RH Stock Down 1.5 %

RH stock opened at $379.26 on Tuesday. RH has a twelve month low of $212.43 and a twelve month high of $398.22. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 223.10, a P/E/G ratio of 2.18 and a beta of 2.44. The business has a 50 day moving average price of $338.18 and a two-hundred day moving average price of $290.01.

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

RH 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.