Valiant Capital Management L.P. Acquires New Stake in RH $RH

Valiant Capital Management L.P. bought a new stake in shares of RH (NYSE:RH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 108,500 shares of the company’s stock, valued at approximately $20,508,000. RH accounts for 1.1% of Valiant Capital Management L.P.’s portfolio, making the stock its 26th biggest position. Valiant Capital Management L.P. owned 0.58% of RH at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quinn Opportunity Partners LLC purchased a new position in RH in the second quarter valued at $378,000. Senvest Management LLC raised its position in RH by 54.6% in the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock valued at $138,713,000 after purchasing an additional 259,200 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of RH by 29.0% in the 1st quarter. Intech Investment Management LLC now owns 9,790 shares of the company’s stock valued at $2,295,000 after buying an additional 2,198 shares during the period. Twin Lakes Capital Management LLC acquired a new position in shares of RH during the second quarter worth about $3,213,000. Finally, Covenant Asset Management LLC purchased a new position in RH in the second quarter worth approximately $1,833,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $236.13, for a total transaction of $472,260.00. Following the transaction, the director owned 24,616 shares in the company, valued at approximately $5,812,576.08. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 27.00% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the topic of a number of analyst reports. Telsey Advisory Group lowered shares of RH from an “outperform” rating to a “hold” rating and set a $220.00 price objective on the stock. in a report on Friday, September 12th. Barclays cut their price target on RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Zacks Research raised RH from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of RH in a report on Friday, September 12th. Finally, Citigroup raised their target price on RH from $200.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $259.69.

RH Price Performance

Shares of NYSE RH opened at $158.60 on Wednesday. The stock has a fifty day moving average price of $170.22 and a 200 day moving average price of $194.71. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market cap of $2.97 billion, a PE ratio of 29.54, a P/E/G ratio of 0.74 and a beta of 2.09.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 11th. The company reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.29). The firm had revenue of $899.15 million for the quarter, compared to analysts’ expectations of $906.58 million. RH had a negative return on equity of 113.58% and a net margin of 3.20%.The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 EPS. Analysts anticipate that RH will post 4.39 earnings per share for the current fiscal 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.