Atom Investors LP Sells 5,221 Shares of RH (NYSE:RH)

Atom Investors LP reduced its position in RH (NYSE:RH - Free Report) by 37.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

A number of other hedge funds also recently modified their holdings of RH. Blue Trust Inc. grew its stake in RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of RH during the 2nd quarter valued at $62,000. Centaurus Financial Inc. acquired a new stake in shares of RH in the 3rd quarter valued at $100,000. Ameliora Wealth Management Ltd. bought a new stake in RH in the third quarter worth $110,000. Finally, KBC Group NV increased its position in RH by 25.8% during the third quarter. KBC Group NV now owns 454 shares of the company's stock worth $152,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their price objective on shares of RH from $275.00 to $290.00 and gave the stock a "neutral" rating in a research note on Friday, September 13th. Wells Fargo & Company boosted their price objective on shares of RH from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. StockNews.com upgraded shares of RH to a "sell" rating in a research note on Thursday, September 19th. BNP Paribas restated an "underperform" rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Finally, Barclays reduced their price objective on 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 given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, RH currently has an average rating of "Hold" and a consensus target price of $326.14.

Insider Activity at RH

In other 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 transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction 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 owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,285 shares of company stock worth $2,871,935. Insiders own 28.10% of the company's stock.

RH Stock Performance

RH stock traded down $5.10 during midday trading on Tuesday, reaching $374.16. The stock had a trading volume of 119,443 shares, compared to its average volume of 709,493. The stock has a market capitalization of $6.90 billion, a P/E ratio of 223.10, a price-to-earnings-growth ratio of 2.18 and a beta of 2.44. The firm's fifty day simple moving average is $338.18 and its 200-day simple moving average is $290.01. RH has a 1-year low of $212.43 and a 1-year high of $398.22.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million for 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% on a year-over-year basis. During the same period in the previous year, the firm posted $3.93 EPS. On average, sell-side analysts anticipate that RH will post 5.66 earnings per share 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.