Polar Asset Management Partners Inc. Invests $1.41 Million in RH (NYSE:RH)

Polar Asset Management Partners Inc. bought a new stake in RH (NYSE:RH) in the third quarter, HoldingsChannel.com reports. The fund bought 4,200 shares of the company’s stock, valued at approximately $1,405,000.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after buying an additional 74 shares in the last quarter. Ridgewood Investments LLC purchased a new position in RH in the second quarter worth about $62,000. Centaurus Financial Inc. bought a new stake in RH during the third quarter worth approximately $100,000. Ameliora Wealth Management Ltd. purchased a new stake in RH during the third quarter valued at approximately $110,000. Finally, KBC Group NV lifted its stake in shares of RH by 25.8% in the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley increased their price target on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. BNP Paribas reaffirmed an “underperform” rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. TD Cowen increased their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Wedbush upgraded RH from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $332.73.

RH Stock Down 1.4 %

Shares of NYSE RH opened at $370.72 on Friday. RH has a twelve month low of $212.43 and a twelve month high of $398.22. The firm has a market cap of $6.84 billion, a PE ratio of 218.07, a price-to-earnings-growth ratio of 2.15 and a beta of 2.44. The business has a fifty day simple moving average of $340.29 and a two-hundred day simple moving average of $291.87.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same period in the previous year, the company posted $3.93 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that RH will post 5.63 earnings per share for the current year.

Insider Transactions at RH

In other news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on 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 owns 78 shares of the company’s stock, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

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.