Anomaly Capital Management LP Has $85.37 Million Position in RH (NYSE:RH)

Anomaly Capital Management LP grew its position in RH (NYSE:RH) by 503.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 349,227 shares of the company’s stock after purchasing an additional 291,368 shares during the period. RH comprises approximately 3.2% of Anomaly Capital Management LP’s holdings, making the stock its 14th biggest holding. Anomaly Capital Management LP’s holdings in RH were worth $85,365,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RH. Texas Permanent School Fund Corp increased its position in RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock valued at $4,098,000 after acquiring an additional 3,387 shares in the last quarter. Findell Capital Management LLC bought a new position in RH in the 4th quarter worth approximately $5,247,000. First Hawaiian Bank raised its position in RH by 116.2% in the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after purchasing an additional 3,073 shares during the last quarter. Entropy Technologies LP acquired a new position in RH during the 1st quarter worth $2,200,000. Finally, Artemis Investment Management LLP bought a new position in RH in the 1st quarter valued at $4,637,000. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BNP Paribas upgraded RH to a “hold” rating in a research report on Friday, June 14th. StockNews.com raised shares of RH to a “sell” rating in a research note on Thursday. The Goldman Sachs Group dropped their price target on shares of RH from $264.00 to $226.00 and set a “sell” rating for the company in a research note on Monday, June 17th. Stifel Nicolaus lifted their target price on shares of RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Morgan Stanley upped their target price on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RH has an average rating of “Hold” and a consensus target price of $322.54.

Insider Transactions at RH

In related news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred 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 sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The disclosure for this sale can be found here. 28.10% of the stock is owned by insiders.

RH Stock Performance

Shares of RH opened at $344.28 on Monday. The firm has a market cap of $6.35 billion, a P/E ratio of 95.37, a PEG ratio of 1.70 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $354.86. The firm’s 50 day moving average price is $272.03 and its two-hundred day moving average price is $268.64.

RH (NYSE:RH) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.69 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 analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.93 EPS. On average, sell-side analysts anticipate that RH will post 6.2 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.