Otter Creek Advisors LLC Has $1.60 Million Stake in RH (NYSE:RH)

Otter Creek Advisors LLC increased its stake in shares of RH (NYSE:RHGet Rating) by 226.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,900 shares of the company’s stock after acquiring an additional 3,400 shares during the period. RH accounts for about 0.6% of Otter Creek Advisors LLC’s holdings, making the stock its 28th largest position. Otter Creek Advisors LLC’s holdings in RH were worth $1,598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lone Pine Capital LLC grew its holdings in RH by 24.3% in the 4th quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock valued at $859,588,000 after buying an additional 313,268 shares during the last quarter. D1 Capital Partners L.P. lifted its position in shares of RH by 32.8% in the 4th quarter. D1 Capital Partners L.P. now owns 1,286,235 shares of the company’s stock worth $689,345,000 after acquiring an additional 318,000 shares during the period. Third Point LLC lifted its position in shares of RH by 78.3% in the 4th quarter. Third Point LLC now owns 535,000 shares of the company’s stock worth $286,728,000 after acquiring an additional 235,000 shares during the period. Select Equity Group L.P. lifted its position in shares of RH by 169.3% in the 4th quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock worth $227,179,000 after acquiring an additional 266,464 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of RH by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 212,561 shares of the company’s stock worth $113,919,000 after acquiring an additional 9,095 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Hilary K. Krane sold 138 shares of RH stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $241.31, for a total transaction of $33,300.78. Following the completion of the sale, the director now directly owns 6,840 shares of the company’s stock, valued at $1,650,560.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other RH news, Director Mark S. Demilio sold 1,224 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $261.47, for a total value of $320,039.28. Following the completion of the transaction, the director now directly owns 6,915 shares of the company’s stock, valued at $1,808,065.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hilary K. Krane sold 138 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $241.31, for a total value of $33,300.78. Following the completion of the transaction, the director now directly owns 6,840 shares of the company’s stock, valued at $1,650,560.40. The disclosure for this sale can be found here. Insiders sold a total of 46,813 shares of company stock valued at $12,550,363 over the last three months. Company insiders own 23.40% of the company’s stock.

RH Trading Up 1.1 %

Shares of NYSE RH traded up $3.02 during midday trading on Friday, hitting $286.87. The stock had a trading volume of 391,479 shares, compared to its average volume of 645,693. The company’s 50-day simple moving average is $264.81 and its 200 day simple moving average is $321.79. The firm has a market cap of $7.08 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.33 and a beta of 2.33. RH has a fifty-two week low of $207.37 and a fifty-two week high of $744.56. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.50 and a quick ratio of 1.90.

RH (NYSE:RHGet Rating) last released its earnings results on Thursday, June 2nd. The company reported $7.78 EPS for the quarter, beating the consensus estimate of $5.40 by $2.38. The company had revenue of $957.00 million during the quarter, compared to analysts’ expectations of $924.76 million. RH had a return on equity of 77.40% and a net margin of 19.68%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $4.89 EPS. Research analysts anticipate that RH will post 24.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays reduced their price objective on RH from $400.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. The Goldman Sachs Group reduced their price objective on RH from $262.00 to $224.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Bank of America reduced their price objective on RH from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, May 31st. Robert W. Baird cut their target price on RH from $330.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, June 30th. Finally, Jefferies Financial Group cut their target price on RH from $520.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $366.13.

RH Company Profile

(Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, d├ęcor, 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.

Further Reading

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Institutional Ownership by Quarter for RH (NYSE:RH)

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