Aigen Investment Management LP Buys Shares of 3,106 RH (NYSE:RH)

Aigen Investment Management LP purchased a new position in shares of RH (NYSE:RH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,106 shares of the company’s stock, valued at approximately $1,039,000.

Several other hedge funds also recently modified their holdings of RH. Anomaly Capital Management LP grew its position in RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares in the last quarter. Marshall Wace LLP increased its stake in RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after acquiring an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 62,198 shares in the last quarter. Victory Capital Management Inc. lifted its stake in RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares during the period. Finally, Bamco Inc. NY boosted its holdings in RH by 128.3% during the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after purchasing an additional 53,395 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the 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 sale, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Stefan Duban sold 4,285 shares of the 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 sale, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup boosted their price target on RH from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. TD Cowen lifted their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus lifted their target price on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company increased their price target on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $331.77.

RH Stock Performance

Shares of RH stock opened at $333.48 on Wednesday. The firm’s 50 day moving average price is $318.95 and its two-hundred day moving average price is $281.71. The stock has a market cap of $6.15 billion, a PE ratio of 196.17, a PEG ratio of 1.86 and a beta of 2.43. RH has a 52-week low of $212.43 and a 52-week high of $367.00.

RH (NYSE:RH) 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. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. During the same period in the previous year, the firm earned $3.93 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that RH will post 5.67 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.