Lisanti Capital Growth LLC Purchases New Stake in RH (NYSE:RH)

Lisanti Capital Growth LLC purchased a new position in RH (NYSE:RH - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,720 shares of the company's stock, valued at approximately $3,251,000. Lisanti Capital Growth LLC owned about 0.05% of RH at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock worth $231,728,000 after purchasing an additional 62,198 shares during the last quarter. Anomaly Capital Management LP raised its holdings in RH by 503.6% in the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company's stock worth $85,365,000 after purchasing an additional 291,368 shares during the period. Dimensional Fund Advisors LP increased its holdings in RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company's stock worth $66,239,000 after purchasing an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company's stock valued at $82,206,000 after acquiring an additional 18,563 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company's stock worth $42,612,000 after purchasing an additional 64,423 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Stock Down 1.0 %

Shares of RH stock traded down $3.19 during mid-day trading on Monday, reaching $329.94. 441,753 shares of the stock traded hands, compared to its average volume of 723,417. The business has a 50-day moving average of $317.43 and a 200 day moving average of $281.10. The stock has a market capitalization of $6.08 billion, a PE ratio of 197.95, a PEG ratio of 1.88 and a beta of 2.43. RH has a fifty-two week low of $212.43 and a fifty-two week high of $367.00.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.93 earnings per share. On average, equities research analysts expect that RH will post 5.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stefan Duban sold 4,285 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Stefan Duban sold 4,285 shares of the firm's 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 completion of the sale, the insider now directly owns 78 shares of the company's stock, valued at $27,016.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward T. Lee sold 2,000 shares of the firm's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RH has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of RH from $300.00 to $310.00 and gave the company an "equal weight" rating in a research note on Friday, September 13th. StockNews.com raised shares of RH to a "sell" rating in a report on Thursday, September 19th. Loop Capital raised their price target on shares of RH from $230.00 to $320.00 and gave the company a "hold" rating in a report on Monday, September 16th. TD Cowen upped their target price on RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $331.77.

RH Company 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.