600 Shares in RH (NYSE:RH) Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD bought a new position in shares of RH (NYSE:RH) during the 3rd quarter, Holdings Channel reports. The firm bought 600 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after buying an additional 35 shares during the period. Pacer Advisors Inc. grew its position in RH by 1.7% during the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares during the period. Mercer Global Advisors Inc. ADV grew its position in RH by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after buying an additional 47 shares during the period. State of Alaska Department of Revenue grew its position in shares of RH by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after purchasing an additional 60 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of 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 during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. This trade represents a 15.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stefan Duban sold 4,285 shares of the firm’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 directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the topic of several research reports. Barclays lowered their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and increased their price target for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Wells Fargo & Company increased their price target on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus increased their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $332.73.

RH Stock Down 0.8 %

NYSE:RH opened at $376.14 on Thursday. The company has a market cap of $6.94 billion, a P/E ratio of 221.26, a P/E/G ratio of 2.15 and a beta of 2.44. RH has a fifty-two week low of $212.43 and a fifty-two week high of $398.22. The firm’s 50 day moving average is $339.67 and its two-hundred day moving average is $291.32.

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 analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same quarter last year, the firm posted $3.93 earnings per share. RH’s revenue was up 3.6% on a year-over-year basis. Research analysts forecast that RH will post 5.63 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.