Aigen Investment Management LP Takes $1.04 Million Position in RH (NYSE:RH)

Aigen Investment Management LP purchased a new stake in shares of RH (NYSE:RH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,106 shares of the company's stock, valued at approximately $1,039,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Anomaly Capital Management LP grew its stake in 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 buying an additional 291,368 shares during the last quarter. Marshall Wace LLP raised its stake in shares of RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company's stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock worth $231,728,000 after acquiring an additional 62,198 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of RH by 77.0% in the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company's stock worth $31,462,000 after acquiring an additional 55,999 shares during the last quarter. Finally, Bamco Inc. NY grew its position in shares of RH by 128.3% during the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company's stock worth $33,084,000 after buying an additional 53,395 shares during the period. Institutional investors own 90.17% of the company's stock.

Analysts Set New Price Targets

RH has been the subject of several analyst reports. Telsey Advisory Group reiterated a "market perform" rating and set a $290.00 price target on shares of RH in a research report on Tuesday, September 10th. StockNews.com upgraded shares of RH to a "sell" rating in a report on Thursday, September 19th. Wells Fargo & Company boosted their price objective on shares of RH from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Citigroup boosted their price objective on shares of RH from $340.00 to $355.00 and gave the company a "buy" rating in a report on Friday, September 13th. Finally, Loop Capital boosted their price objective on shares of RH from $230.00 to $320.00 and gave the company a "hold" rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $326.14.

Insiders Place Their Bets

In other RH news, 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 sale, the insider now directly owns 78 shares of the company's stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other RH news, 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 sale, the insider now directly owns 78 shares of the company's stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the company's stock in a transaction 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 sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

RH Stock Down 2.0 %

Shares of RH stock traded down $6.74 during trading on Wednesday, reaching $326.69. The company's stock had a trading volume of 607,883 shares, compared to its average volume of 721,778. The business has a fifty day moving average price of $320.58 and a 200-day moving average price of $282.30. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 191.19, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $367.00.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.93 earnings per share. Research analysts anticipate that RH will post 5.67 EPS for the current 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.