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

Entropy Technologies LP purchased a new stake in RH (NYSE:RH) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,600 shares of the company’s stock, valued at approximately $870,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC acquired a new position in shares of RH in the third quarter valued at approximately $3,251,000. Crossmark Global Holdings Inc. grew its position in RH by 16.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,138 shares of the company’s stock valued at $380,000 after buying an additional 160 shares during the last quarter. World Equity Group Inc. increased its stake in RH by 16.3% in the 3rd quarter. World Equity Group Inc. now owns 1,023 shares of the company’s stock valued at $342,000 after buying an additional 143 shares during the period. New York State Common Retirement Fund raised its position in RH by 19.8% during the 3rd quarter. New York State Common Retirement Fund now owns 47,279 shares of the company’s stock worth $15,812,000 after buying an additional 7,800 shares during the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of RH in the 3rd quarter worth $256,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RH

In other news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The transaction 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 firm’s stock in a transaction dated 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 in the company, 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. In the last ninety days, insiders have sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

RH has been the subject of several analyst reports. Loop Capital increased their price target on shares of RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Morgan Stanley increased their target price on RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. BNP Paribas restated an “underperform” rating and issued a $253.00 price target on shares of RH in a research note on Wednesday. Wedbush upgraded RH from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. Finally, Barclays decreased their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average price target of $326.14.

RH Price Performance

Shares of RH stock opened at $326.69 on Thursday. RH has a 1 year low of $212.43 and a 1 year high of $367.00. The business has a 50 day moving average price of $320.58 and a 200 day moving average price of $282.30. The company has a market capitalization of $6.02 billion, a P/E ratio of 192.17, a P/E/G ratio of 1.88 and a beta of 2.43.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’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 firm posted $3.93 earnings per share. As a group, research analysts expect 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.