Two Sigma Investments LP Trims Stock Holdings in RH (NYSE:RH)

Two Sigma Investments LP lowered its stake in RH (NYSE:RH) by 88.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,914 shares of the company’s stock after selling 207,633 shares during the quarter. Two Sigma Investments LP’s holdings in RH were worth $10,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. Rakuten Securities Inc. boosted its holdings in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of RH during the 4th quarter valued at $68,000. Pingora Partners LLC bought a new stake in shares of RH during the 4th quarter valued at about $79,000. Finally, Spire Wealth Management bought a new stake in shares of RH during the 4th quarter valued at about $80,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RH. UBS Group reduced their price objective on RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their target price on RH from $276.00 to $194.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Loop Capital dropped their price target on RH from $450.00 to $190.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Wall Street Zen raised RH from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and a consensus target price of $275.94.

RH Price Performance

NYSE:RH opened at $185.10 on Friday. The firm has a market capitalization of $3.47 billion, a P/E ratio of 53.19, a PEG ratio of 2.65 and a beta of 2.36. RH has a one year low of $123.03 and a one year high of $457.26. The company’s 50-day simple moving average is $195.32 and its 200 day simple moving average is $310.07.

RH (NYSE:RH) last announced its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. During the same period in the prior year, the business posted $0.72 EPS. RH’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

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.