Entropy Technologies LP Takes $870,000 Position in RH (NYSE:RH)

Entropy Technologies LP purchased a new stake in RH (NYSE:RH - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,600 shares of the company's stock, valued at approximately $870,000.

Several other hedge funds have also recently bought and sold shares of the stock. Texas Permanent School Fund Corp grew its holdings in shares of RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company's stock worth $4,098,000 after purchasing an additional 3,387 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of RH by 116.2% during the second quarter. First Hawaiian Bank now owns 5,718 shares of the company's stock worth $1,398,000 after buying an additional 3,073 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of RH in the third quarter valued at approximately $3,251,000. Sei Investments Co. grew its position in RH by 25.4% during the 1st quarter. Sei Investments Co. now owns 23,951 shares of the company's stock worth $8,341,000 after acquiring an additional 4,847 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in RH by 1,304.4% during the 1st quarter. Tidal Investments LLC now owns 14,227 shares of the company's stock valued at $4,955,000 after purchasing an additional 13,214 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup boosted their price objective on RH from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. StockNews.com upgraded shares of RH to a "sell" rating in a research report on Thursday, September 19th. BNP Paribas restated an "underperform" rating and issued a $253.00 price objective on shares of RH in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of RH from $345.00 to $338.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $290.00 price target on shares of RH in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $326.14.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now owns 10,914 shares of the company's stock, valued at approximately $3,714,034.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mark S. Demilio sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company's stock, valued at approximately $27,016.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock valued at $2,871,935. Corporate insiders own 28.10% of the company's stock.

RH Stock Down 0.1 %

Shares of RH stock traded down $0.31 during trading on Thursday, reaching $326.24. 149,231 shares of the company were exchanged, compared to its average volume of 719,187. The business has a 50-day moving average price of $322.20 and a 200-day moving average price of $282.61. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 193.38, a P/E/G 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 posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.93 EPS. On average, equities research analysts forecast that RH will post 5.67 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.