XTX Topco Ltd Acquires Shares of 4,905 RH (NYSE:RH)

XTX Topco Ltd acquired a new position in shares of RH (NYSE:RH) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 4,905 shares of the company’s stock, valued at approximately $1,199,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new stake in shares of RH during the fourth quarter worth $25,000. Quest Partners LLC acquired a new stake in shares of RH in the 4th quarter worth $37,000. Hollencrest Capital Management purchased a new stake in shares of RH in the first quarter valued at about $47,000. Ridgewood Investments LLC acquired a new position in shares of RH during the second quarter worth about $62,000. Finally, Tradition Wealth Management LLC raised its holdings in RH by 14.8% during the fourth quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Performance

Shares of NYSE:RH opened at $344.38 on Friday. The business’s fifty day moving average price is $272.03 and its two-hundred day moving average price is $268.65. The stock has a market cap of $6.35 billion, a PE ratio of 95.40, a price-to-earnings-growth ratio of 1.70 and a beta of 2.42. RH has a one year low of $207.26 and a one year high of $354.86.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business had revenue of $829.66 million for the quarter, compared to analyst estimates of $824.52 million. During the same quarter last year, the company earned $3.93 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that RH will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

RH has been the topic of a number of analyst reports. Bank of America lifted their price objective on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Robert W. Baird upped their price objective on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Wedbush increased their price objective on RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Morgan Stanley boosted their target price on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, Barclays cut their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $322.54.

Insider Transactions at RH

In other news, CEO Gary G. Friedman acquired 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the purchase, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other RH news, CEO Gary G. Friedman bought 34,200 shares of RH stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average cost of $215.00 per share, for a total transaction of $7,353,000.00. Following the completion of the transaction, the chief executive officer now owns 3,339,263 shares of the company’s stock, valued at approximately $717,941,545. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. The disclosure for this sale can be found here. Insiders own 28.10% of the company’s stock.

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.