Entropy Technologies LP Acquires New Stake in RH (NYSE:RH)

Entropy Technologies LP bought a new position in RH (NYSE:RH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,600 shares of the company’s stock, valued at approximately $870,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RH. Blue Trust Inc. increased its position in shares of RH by 308.3% in the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in RH during the 2nd quarter valued at about $62,000. Ameliora Wealth Management Ltd. bought a new position in shares of RH in the third quarter worth approximately $110,000. CWM LLC grew its holdings in RH by 47.2% in the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after acquiring an additional 150 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of RH by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. BNP Paribas reiterated an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday. Bank of America upped their target price on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Citigroup lifted their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. decreased their price target on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $326.14.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction 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 owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated 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 three months, insiders have sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

RH Stock Down 2.0 %

NYSE RH opened at $326.69 on Thursday. The company has a 50-day moving average price of $320.58 and a 200-day moving average price of $282.30. RH has a 52 week low of $212.43 and a 52 week high of $367.00. The firm has a market capitalization of $6.02 billion, a P/E ratio of 192.17, a PEG ratio of 1.88 and a beta of 2.43.

RH (NYSE:RH) last announced 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. 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 period in the prior year, the company earned $3.93 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that RH will post 5.67 EPS for the current year.

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.