Y Intercept Hong Kong Ltd Takes Position in RH (NYSE:RH)

Y Intercept Hong Kong Ltd purchased a new position in shares of RH (NYSE:RH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,138 shares of the company's stock, valued at approximately $715,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. grew its stake in shares of RH by 2.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 18,155 shares of the company's stock worth $6,072,000 after purchasing an additional 418 shares during the period. National Bank of Canada FI increased its holdings in RH by 2.4% in the third quarter. National Bank of Canada FI now owns 18,494 shares of the company's stock valued at $6,185,000 after buying an additional 434 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of RH by 43.8% during the 3rd quarter. Wellington Management Group LLP now owns 39,374 shares of the company's stock valued at $13,168,000 after acquiring an additional 11,991 shares during the period. Weiss Asset Management LP purchased a new stake in shares of RH during the 3rd quarter worth approximately $566,000. Finally, Two Sigma Advisers LP grew its holdings in shares of RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company's stock worth $53,375,000 after acquiring an additional 93,500 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

Insider Activity at RH

In other news, insider Edward T. Lee sold 2,000 shares of RH 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stefan Duban sold 4,285 shares of the business's stock in a transaction dated 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 sale, the insider now owns 78 shares of the company's stock, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by company insiders.

RH Stock Up 17.0 %

Shares of RH stock traded up $64.66 during mid-day trading on Friday, hitting $446.04. 3,056,518 shares of the company's stock were exchanged, compared to its average volume of 723,773. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26. The stock has a 50-day simple moving average of $347.81 and a two-hundred day simple moving average of $297.56.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. During the same period in the previous year, the business posted ($0.42) earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that RH will post 5.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RH. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective (up from $430.00) on shares of RH in a report on Friday. Citigroup raised their price target on RH from $340.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Wells Fargo & Company boosted their price objective on shares of RH from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley raised their target price on shares of RH from $310.00 to $435.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Stifel Nicolaus restated a "buy" rating and set a $420.00 target price (up previously from $375.00) on shares of RH in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, RH presently has a consensus rating of "Hold" and an average target price of $377.07.

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.