Blueshift Asset Management LLC Trims Stake in RH (NYSE:RH)

Blueshift Asset Management LLC trimmed its holdings in shares of RH (NYSE:RH) by 80.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,132 shares of the company’s stock after selling 12,499 shares during the quarter. Blueshift Asset Management LLC’s holdings in RH were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in shares of RH by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after purchasing an additional 38 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of RH by 1,304.4% in the 1st quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock worth $4,955,000 after purchasing an additional 13,214 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of RH by 542.4% in the 1st quarter. Virtu Financial LLC now owns 26,684 shares of the company’s stock worth $9,293,000 after purchasing an additional 22,530 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of RH by 124.1% in the 1st quarter. Cetera Advisors LLC now owns 1,849 shares of the company’s stock worth $644,000 after purchasing an additional 1,024 shares in the last quarter. Finally, First Hawaiian Bank boosted its holdings in shares of RH by 116.2% in the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after purchasing an additional 3,073 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Down 0.9 %

RH stock opened at $385.74 on Wednesday. The company has a market capitalization of $7.11 billion, a P/E ratio of 226.91, a PEG ratio of 2.20 and a beta of 2.43. The stock’s 50 day moving average is $334.90 and its 200 day moving average is $287.39. RH has a twelve month low of $212.43 and a twelve month high of $398.22.

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

Analyst Ratings Changes

RH has been the subject of a number of research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 price objective on shares of RH in a report on Tuesday, September 10th. Bank of America boosted their target price on RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus boosted their target price on RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Loop Capital boosted their target price on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Three equities research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $326.14.

Insider Buying and Selling

In related news, insider Stefan Duban sold 4,285 shares of the firm’s 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 directly owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $707,140.00. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 in the last 90 days. Insiders own 28.10% of the company’s stock.

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.