60,294 Shares in RH (NYSE:RH) Bought by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC acquired a new position in shares of RH (NYSE:RH) in the 4th quarter, HoldingsChannel reports. The fund acquired 60,294 shares of the company’s stock, valued at approximately $17,574,000. RH makes up 4.6% of Kettle Hill Capital Management LLC’s holdings, making the stock its 6th biggest holding.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in RH by 11.5% during the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after purchasing an additional 221,858 shares during the last quarter. Vanguard Group Inc. raised its stake in RH by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock valued at $457,623,000 after purchasing an additional 98,713 shares during the last quarter. Atreides Management LP raised its stake in RH by 0.3% during the 3rd quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock valued at $280,188,000 after purchasing an additional 3,375 shares during the last quarter. Durable Capital Partners LP raised its stake 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 purchasing an additional 17,196 shares during the last quarter. Finally, Morgan Stanley raised its stake in RH by 145.6% during the 4th quarter. Morgan Stanley now owns 594,574 shares of the company’s stock valued at $158,864,000 after purchasing an additional 352,456 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

RH Price Performance

Shares of NYSE RH traded up $0.46 during mid-day trading on Wednesday, hitting $243.73. The company’s stock had a trading volume of 739,728 shares, compared to its average volume of 698,839. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 43.76, a price-to-earnings-growth ratio of 2.77 and a beta of 2.46. RH has a one year low of $207.26 and a one year high of $406.38. The company’s fifty day simple moving average is $278.93 and its 200-day simple moving average is $267.50.

RH (NYSE:RH) last issued its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business had revenue of $738.26 million during the quarter, compared to the consensus estimate of $777.50 million. During the same period last year, the business posted $2.88 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 9.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RH shares. Telsey Advisory Group reiterated a “market perform” rating and set a $335.00 target price (up from $285.00) on shares of RH in a research note on Tuesday, March 26th. Oppenheimer restated a “market perform” rating on shares of RH in a research note on Monday, April 1st. The Goldman Sachs Group increased their target price on shares of RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research report on Monday, April 1st. Wedbush increased their target price on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $332.15.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The disclosure for this sale can be found here. 23.90% of the stock is owned by insiders.

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.