Kettle Hill Capital Management LLC Invests $17.57 Million in RH (NYSE:RH)

Kettle Hill Capital Management LLC bought a new position in shares of RH (NYSE:RH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,294 shares of the company’s stock, valued at approximately $17,574,000. RH makes up about 4.6% of Kettle Hill Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Kettle Hill Capital Management LLC owned 0.33% of RH at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RH. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of RH during the third quarter worth $30,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of RH during the fourth quarter worth $35,000. Quest Partners LLC acquired a new position in RH in the fourth quarter valued at $37,000. KB Financial Partners LLC boosted its stake in RH by 61.6% in the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in RH by 120.3% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now owns 12,991 shares in the company, valued at approximately $4,004,086.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the completion of the transaction, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. 23.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on RH shares. Robert W. Baird upped their price objective on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Wedbush upped their price objective on shares of RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Oppenheimer restated a “market perform” rating on shares of RH in a research note on Monday, April 1st. The Goldman Sachs Group upped their price objective on shares of RH from $201.00 to $264.00 and gave the company a “sell” rating in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $332.15.

RH Stock Performance

NYSE RH traded up $0.46 during mid-day trading on Wednesday, reaching $243.73. 739,728 shares of the stock were exchanged, compared to its average volume of 698,839. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The business’s fifty day simple moving average is $278.93 and its 200 day simple moving average is $267.50. The stock has a market capitalization of $4.47 billion, a PE ratio of 43.76, a PEG ratio of 2.77 and a beta of 2.46.

RH (NYSE:RH) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The company had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 EPS. On average, analysts anticipate that RH will post 9.08 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.