Entropy Technologies LP Purchases New Position in RH (NYSE:RH)

Entropy Technologies LP purchased a new position in shares of RH (NYSE:RH - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,600 shares of the company's stock, valued at approximately $870,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RH. Nisa Investment Advisors LLC raised its holdings in RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company's stock worth $250,000 after acquiring an additional 35 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of RH by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,580 shares of the company's stock worth $2,986,000 after purchasing an additional 38 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company's stock worth $572,000 after purchasing an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of RH by 4.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company's stock valued at $296,000 after buying an additional 47 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of RH by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company's stock valued at $579,000 after buying an additional 60 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RH has been the subject of a number of recent analyst reports. Loop Capital increased their price target on shares of RH from $230.00 to $320.00 and gave the company a "hold" rating in a research note on Monday, September 16th. Stifel Nicolaus raised their target price on shares of RH from $315.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 16th. BNP Paribas reiterated an "underperform" rating and set a $253.00 price target on shares of RH in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on RH from $345.00 to $338.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $326.14.

RH Stock Down 0.1 %

Shares of RH traded down $0.31 during midday trading on Thursday, reaching $326.24. 149,231 shares of the stock were exchanged, compared to its average volume of 719,187. The stock's 50 day simple moving average is $322.20 and its 200 day simple moving average is $282.61. The company has a market cap of $6.02 billion, a P/E ratio of 193.38, a PEG ratio of 1.88 and a beta of 2.43. RH has a twelve month low of $212.43 and a twelve month high of $367.00.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to analysts' expectations of $824.52 million. During the same quarter in the previous year, the company earned $3.93 EPS. The business's revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that RH will post 5.67 earnings per share for the current year.

Insider Activity at RH

In other news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Stefan Duban sold 4,285 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company's stock, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,285 shares of company stock worth $2,871,935. Company 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.