Solstein Capital LLC bought a new position in RH (NYSE:RH – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 200 shares of the company’s stock, valued at approximately $38,000.
Several other hedge funds have also modified their holdings of the stock. Twin Lakes Capital Management LLC acquired a new stake in shares of RH in the second quarter worth approximately $3,213,000. B & T Capital Management DBA Alpha Capital Management boosted its position in shares of RH by 42.0% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,862 shares of the company’s stock worth $2,620,000 after acquiring an additional 4,099 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of RH by 80.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 10,058 shares of the company’s stock worth $1,901,000 after acquiring an additional 4,470 shares during the last quarter. AlphaQuest LLC boosted its position in shares of RH by 197.6% in the second quarter. AlphaQuest LLC now owns 366 shares of the company’s stock worth $69,000 after acquiring an additional 243 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of RH in the second quarter worth approximately $205,000. 90.17% of the stock is owned by institutional investors and hedge funds.
RH Stock Up 4.1%
RH opened at $188.30 on Tuesday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 35.06, a P/E/G ratio of 0.86 and a beta of 2.23. The firm’s 50 day moving average is $210.17 and its 200-day moving average is $200.40. RH has a 52-week low of $123.03 and a 52-week high of $457.26.
Analyst Ratings Changes
Several research firms recently issued reports on RH. Wells Fargo & Company raised their target price on shares of RH from $275.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Cowen reaffirmed a “buy” rating on shares of RH in a research report on Friday, September 12th. Zelman & Associates reduced their price target on shares of RH from $305.00 to $251.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 9th. Barclays reduced their price target on shares of RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Finally, Stifel Nicolaus reduced their price target on shares of RH from $390.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $259.29.
Read Our Latest Stock Analysis on RH
Insider Activity
In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the sale, the director owned 24,616 shares in the company, valued at $5,812,576.08. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.00% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than RH
- The Role Economic Reports Play in a Successful Investment Strategy
- Growth Picks: 3 Low-Cost Stocks That Could Double in Value
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Are These 3 Beaten-Down Stocks Ready to Rebound?
- Health Care Stocks Explained: Why You Might Want to Invest
- Does the Trump-Induced Quantum Stock Rally Have Legs?
Want to see what other hedge funds are holding RH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RH (NYSE:RH – Free Report).
Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.
