Point72 Asia Singapore Pte. Ltd. Has $430,000 Stock Holdings in RH (NYSE:RH)

Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of RH (NYSE:RH) by 2,691.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284 shares of the company’s stock after purchasing an additional 1,238 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in RH were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of RH in the 2nd quarter valued at about $62,000. Centaurus Financial Inc. bought a new stake in shares of RH in the third quarter valued at about $100,000. Ameliora Wealth Management Ltd. acquired a new position in shares of RH during the third quarter worth about $110,000. Finally, KBC Group NV grew its holdings in shares of RH by 25.8% during the third quarter. KBC Group NV now owns 454 shares of the company’s stock worth $152,000 after buying an additional 93 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were 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 in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was 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 owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,285 shares of company stock worth $2,871,935 over the last three months. Insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird upped their price target on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Citigroup raised their target price on shares of RH from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus lifted their price target 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. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $310.00 to $430.00 in a research note on Monday, October 21st. Finally, TD Cowen lifted their target price on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $326.14.

RH Trading Down 1.5 %

RH stock opened at $379.26 on Tuesday. The business’s 50 day simple moving average is $338.18 and its 200 day simple moving average is $290.01. RH has a 1-year low of $212.43 and a 1-year high of $398.22. The firm has a market capitalization of $6.99 billion, a PE ratio of 223.10, a PEG ratio of 2.18 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.56 by $0.13. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.93 earnings per share. As a group, sell-side analysts predict that RH will post 5.66 EPS for the current fiscal year.

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.