Divisadero Street Capital Management LP Buys New Position in RH $RH

Divisadero Street Capital Management LP purchased a new position in shares of RH (NYSE:RH) in the second quarter, HoldingsChannel reports. The fund purchased 7,220 shares of the company’s stock, valued at approximately $1,365,000.

Several other hedge funds also recently made changes to their positions in the business. AlphaQuest LLC acquired a new stake in shares of RH in the first quarter valued at approximately $29,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in RH in the second quarter valued at $26,000. Farther Finance Advisors LLC increased its stake in RH by 67.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. UMB Bank n.a. increased its stake in RH by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 180 shares of the company’s stock valued at $34,000 after buying an additional 63 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in RH during the 2nd quarter worth about $38,000. 90.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RH. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Stifel Nicolaus dropped their target price on RH from $390.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Cowen restated a “buy” rating on shares of RH in a research note on Friday, September 12th. Telsey Advisory Group lowered RH from an “outperform” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Friday, September 12th. Finally, Citigroup upped their price objective on RH from $200.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, RH has an average rating of “Hold” and a consensus price target of $259.69.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the transaction, the director directly owned 24,616 shares of the company’s stock, valued at $5,812,576.08. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.00% of the stock is owned by corporate insiders.

RH Stock Up 0.9%

Shares of NYSE RH opened at $161.37 on Monday. The business’s 50 day moving average price is $171.96 and its two-hundred day moving average price is $195.12. The company has a market cap of $3.03 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, September 11th. The company reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.29). RH had a net margin of 3.20% and a negative return on equity of 113.58%. The business had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. During the same period in the previous year, the business earned $1.69 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

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.