Bridgewater Associates LP Buys 21,082 Shares of RH (NYSE:RH)

Bridgewater Associates LP increased its stake in RH (NYSE:RHGet Rating) by 298.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,145 shares of the company’s stock after purchasing an additional 21,082 shares during the quarter. Bridgewater Associates LP’s holdings in RH were worth $5,974,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Durable Capital Partners LP raised its holdings in RH by 2.6% during the 1st quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock valued at $220,960,000 after acquiring an additional 17,196 shares during the period. Pelham Capital Ltd. raised its holdings in RH by 0.4% during the 1st quarter. Pelham Capital Ltd. now owns 393,080 shares of the company’s stock valued at $128,179,000 after acquiring an additional 1,619 shares during the period. Goldman Sachs Group Inc. raised its holdings in RH by 24.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,699 shares of the company’s stock valued at $81,425,000 after acquiring an additional 49,179 shares during the period. Dimensional Fund Advisors LP raised its holdings in RH by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,699 shares of the company’s stock valued at $55,670,000 after acquiring an additional 682 shares during the period. Finally, Broad Run Investment Management LLC raised its holdings in RH by 8.2% during the 1st quarter. Broad Run Investment Management LLC now owns 159,387 shares of the company’s stock valued at $51,975,000 after acquiring an additional 12,075 shares during the period. Institutional investors own 83.19% of the company’s stock.

RH Stock Up 2.3 %

Shares of NYSE:RH opened at $276.45 on Thursday. RH has a 52-week low of $207.37 and a 52-week high of $658.51. The firm has a fifty day moving average of $256.11 and a 200 day moving average of $266.27. The firm has a market capitalization of $6.56 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.43 and a beta of 2.10. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.49 and a current ratio of 3.39.

RH (NYSE:RHGet Rating) last announced its earnings results on Thursday, September 8th. The company reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $1.27. RH had a net margin of 16.95% and a return on equity of 67.69%. The company had revenue of $991.62 million during the quarter, compared to analyst estimates of $969.20 million. During the same period in the previous year, the business earned $8.48 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts anticipate that RH will post 24.56 EPS for the current fiscal year.

Insider Buying and Selling

In other RH news, Director Hilary K. Krane sold 137 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $236.34, for a total transaction of $32,378.58. Following the completion of the sale, the director now directly owns 6,663 shares in the company, valued at $1,574,733.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other RH news, Director Mark S. Demilio sold 615 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $263.75, for a total transaction of $162,206.25. Following the completion of the sale, the director now directly owns 6,300 shares in the company, valued at $1,661,625. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hilary K. Krane sold 137 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $236.34, for a total transaction of $32,378.58. Following the sale, the director now owns 6,663 shares of the company’s stock, valued at $1,574,733.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,079 shares of company stock worth $3,801,767. Corporate insiders own 23.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RH shares. Jefferies Financial Group lowered their target price on shares of RH from $400.00 to $375.00 and set a “buy” rating on the stock in a report on Friday, September 9th. UBS Group boosted their target price on shares of RH from $240.00 to $262.00 in a report on Friday, September 9th. Barclays cut shares of RH from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $328.00 to $243.00 in a report on Monday. Morgan Stanley decreased their price target on shares of RH from $350.00 to $325.00 and set an “equal weight” rating on the stock in a report on Friday, September 9th. Finally, StockNews.com began coverage on shares of RH in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, RH presently has an average rating of “Moderate Buy” and a consensus target price of $336.81.

RH Profile

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RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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