Two Sigma Investments LP Has $10.99 Million Holdings in RH (NYSE:RH)

Two Sigma Investments LP decreased its position in RH (NYSE:RH - Free Report) by 88.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,914 shares of the company's stock after selling 207,633 shares during the period. Two Sigma Investments LP owned approximately 0.15% of RH worth $10,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RH. LPL Financial LLC boosted its stake in RH by 61.3% in the 4th quarter. LPL Financial LLC now owns 9,141 shares of the company's stock worth $3,598,000 after purchasing an additional 3,473 shares during the period. Deutsche Bank AG boosted its stake in RH by 607.9% in the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock worth $3,725,000 after purchasing an additional 8,127 shares during the period. Sterling Capital Management LLC boosted its stake in RH by 49.7% in the 4th quarter. Sterling Capital Management LLC now owns 762 shares of the company's stock worth $300,000 after purchasing an additional 253 shares during the period. Victory Capital Management Inc. boosted its stake in RH by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock worth $19,949,000 after purchasing an additional 445 shares during the period. Finally, L.M. Kohn & Company acquired a new position in RH in the 4th quarter worth $289,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Performance

NYSE:RH traded up $1.65 during mid-day trading on Thursday, hitting $185.50. The stock had a trading volume of 437,985 shares, compared to its average volume of 977,779. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 53.28, a PEG ratio of 2.65 and a beta of 2.36. The company's 50 day simple moving average is $192.35 and its 200 day simple moving average is $307.09.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. Citigroup reissued a "neutral" rating and set a $200.00 price target (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Telsey Advisory Group cut their price target on shares of RH from $420.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. Stifel Nicolaus cut their price target on shares of RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group cut their price target on shares of RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, RH currently has a consensus rating of "Hold" and a consensus target price of $275.94.

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.