Y Intercept Hong Kong Ltd Has $953,000 Stock Position in RH (NYSE:RH)

Y Intercept Hong Kong Ltd grew its position in RH (NYSE:RH - Free Report) by 122.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,066 shares of the company's stock after buying an additional 2,242 shares during the period. Y Intercept Hong Kong Ltd's holdings in RH were worth $953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RH. Sunbelt Securities Inc. boosted its position in shares of RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of RH by 146.1% in the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after purchasing an additional 111 shares during the last quarter. NBC Securities Inc. bought a new position in shares of RH in the 1st quarter worth $45,000. Pingora Partners LLC bought a new position in shares of RH in the 4th quarter worth $79,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of RH by 421.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 219 shares of the company's stock worth $86,000 after purchasing an additional 177 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Price Performance

Shares of RH stock opened at $214.23 on Friday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 51.01, a price-to-earnings-growth ratio of 0.62 and a beta of 2.17. The stock's 50-day moving average is $192.91 and its 200-day moving average is $252.70. RH has a one year low of $123.03 and a one year high of $457.26.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million for the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. RH's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) earnings per share. On average, equities analysts expect that RH will post 4.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on RH from $530.00 to $300.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Bank of America lifted their target price on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a report on Wednesday, May 14th. Robert W. Baird lifted their target price on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Citigroup reiterated a "neutral" rating and set a $200.00 target price (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Finally, Stifel Nicolaus reduced their target price on RH from $450.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, RH has a consensus rating of "Hold" and a consensus price target of $270.35.

About RH

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.