Duality Advisers LP Cuts Holdings in RH (NYSE:RH)

Duality Advisers LP cut its position in shares of RH (NYSE:RH) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 835 shares of the company’s stock after selling 4,385 shares during the quarter. Duality Advisers LP’s holdings in RH were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in RH by 25.5% during the fourth quarter. Signaturefd LLC now owns 6,070 shares of the company’s stock worth $1,769,000 after purchasing an additional 1,233 shares during the last quarter. Carmel Capital Partners LLC boosted its stake in shares of RH by 9.5% in the 4th quarter. Carmel Capital Partners LLC now owns 3,972 shares of the company’s stock valued at $1,158,000 after purchasing an additional 343 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of RH in the 4th quarter valued at $335,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of RH by 208.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,568 shares of the company’s stock valued at $2,789,000 after purchasing an additional 6,470 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in RH during the 4th quarter valued at $635,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on RH. Telsey Advisory Group reissued a “market perform” rating and set a $335.00 price target (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. JPMorgan Chase & Co. increased their price objective on RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Robert W. Baird increased their price objective on RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Barclays increased their price objective on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group increased their price objective on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $332.15.

RH Stock Performance

RH stock opened at $249.02 on Friday. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The business’s 50-day moving average is $275.85 and its two-hundred day moving average is $267.13. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 44.71, a P/E/G ratio of 2.68 and a beta of 2.46.

RH (NYSE:RH) last posted its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same period in the prior year, the company posted $2.88 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. Equities analysts predict that RH will post 9.08 earnings per share for the current year.

Insider Transactions at RH

In other news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now owns 12,991 shares of the company’s stock, valued at approximately $4,004,086.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The disclosure for this sale can be found here. Corporate insiders own 23.90% of the company’s stock.

RH Company 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.