Two Sigma Advisers LP Sells 104,700 Shares of RH (NYSE:RH)

Two Sigma Advisers LP cut its holdings in RH (NYSE:RH - Free Report) by 65.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,900 shares of the company's stock after selling 104,700 shares during the period. Two Sigma Advisers LP owned about 0.30% of RH worth $21,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. grew its stake in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock valued at $28,000 after buying an additional 39 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of RH by 180.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock valued at $44,000 after buying an additional 72 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of RH in the fourth quarter valued at $68,000. Pingora Partners LLC bought a new position in shares of RH in the fourth quarter valued at $79,000. Finally, Spire Wealth Management bought a new position in shares of RH in the fourth quarter valued at $80,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Down 1.2%

NYSE RH traded down $2.16 during trading on Friday, hitting $185.10. 936,228 shares of the company's stock were exchanged, compared to its average volume of 979,643. The company has a market cap of $3.47 billion, a PE ratio of 53.19, a P/E/G ratio of 2.65 and a beta of 2.36. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The stock's 50 day moving average price is $195.32 and its two-hundred day moving average price is $309.97.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). The business had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group reduced their price objective on shares of RH from $276.00 to $194.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wedbush reduced their price objective on shares of RH from $500.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on shares of RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reduced their price objective on shares of RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $275.94.

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.