Lisanti Capital Growth LLC Acquires Shares of 9,720 RH (NYSE:RH)

Lisanti Capital Growth LLC acquired a new stake in RH (NYSE:RH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,720 shares of the company’s stock, valued at approximately $3,251,000.

A number of other institutional investors also recently bought and sold shares of the business. Anomaly Capital Management LP increased its stake in shares of RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares during the period. Marshall Wace LLP increased its stake in shares of RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of RH by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the period. Victory Capital Management Inc. grew its position in RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after buying an additional 55,999 shares during the period. Finally, Bamco Inc. NY grew its position in RH by 128.3% during the first quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock worth $33,084,000 after buying an additional 53,395 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the transaction, the director now owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction of $1,484,195.45. Following the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,285 shares of company stock valued at $2,871,935. Company insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

RH has been the topic of several recent analyst reports. Barclays lowered 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. Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. Morgan Stanley upped their target price on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Citigroup upped their target price on shares of RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $331.77.

RH Price Performance

Shares of NYSE RH opened at $333.13 on Monday. The company has a market capitalization of $6.14 billion, a PE ratio of 195.96, a price-to-earnings-growth ratio of 1.88 and a beta of 2.43. The firm’s 50-day moving average is $317.43 and its two-hundred day moving average is $280.90. RH has a 12-month low of $212.43 and a 12-month high of $367.00.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.93 earnings per share. On average, analysts forecast that RH will post 5.67 EPS for the current fiscal year.

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.