Psagot Value Holdings Ltd. Israel Has $978,000 Position in RH (NYSE:RH)

Psagot Value Holdings Ltd. Israel grew its position in RH (NYSE:RHGet Rating) by 5,900.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,000 shares of the company’s stock after purchasing an additional 2,950 shares during the quarter. Psagot Value Holdings Ltd. Israel’s holdings in RH were worth $978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. D1 Capital Partners L.P. increased its position in RH by 32.8% during the 4th quarter. D1 Capital Partners L.P. now owns 1,286,235 shares of the company’s stock worth $689,345,000 after purchasing an additional 318,000 shares in the last quarter. Lone Pine Capital LLC increased its position in RH by 24.3% in the 4th quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock valued at $859,588,000 after acquiring an additional 313,268 shares during the period. Select Equity Group L.P. increased its position in RH by 169.3% in the 4th quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock valued at $227,179,000 after acquiring an additional 266,464 shares during the period. Third Point LLC increased its position in RH by 78.3% in the 4th quarter. Third Point LLC now owns 535,000 shares of the company’s stock valued at $286,728,000 after acquiring an additional 235,000 shares during the period. Finally, Point72 Asset Management L.P. increased its position in RH by 2,284.5% in the 4th quarter. Point72 Asset Management L.P. now owns 93,879 shares of the company’s stock valued at $50,314,000 after acquiring an additional 89,942 shares during the period. 83.19% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Up 4.5 %

RH stock opened at $273.56 on Friday. RH has a 1-year low of $207.37 and a 1-year high of $733.10. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.23 and a beta of 2.31. The firm’s fifty day moving average price is $273.88 and its two-hundred day moving average price is $300.97. The company has a current ratio of 2.50, a quick ratio of 1.90 and a debt-to-equity ratio of 1.97.

RH (NYSE:RHGet Rating) last announced its earnings results on Thursday, September 8th. The company reported $8.08 EPS for the quarter, beating the consensus estimate of $6.82 by $1.26. The company had revenue of $991.62 million during the quarter, compared to the consensus estimate of $969.20 million. RH had a net margin of 16.95% and a return on equity of 68.37%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.48 earnings per share. On average, equities research analysts predict that RH will post 24.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RH. Wells Fargo & Company decreased their price target on shares of RH from $400.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. Morgan Stanley reduced their price objective on shares of RH from $350.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Friday. Jefferies Financial Group reduced their price objective on shares of RH from $400.00 to $375.00 and set a “buy” rating on the stock in a research note on Friday. Loop Capital reduced their price objective on shares of RH from $500.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Finally, Robert W. Baird increased their target price on shares of RH from $250.00 to $275.00 in a research note on Friday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $353.44.

Insider Activity

In related news, Director Hilary K. Krane sold 138 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $270.50, for a total transaction of $37,329.00. Following the completion of the sale, the director now owns 6,702 shares in the company, valued at $1,812,891. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Hilary K. Krane sold 138 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $270.50, for a total transaction of $37,329.00. Following the completion of the sale, the director now owns 6,702 shares in the company, valued at $1,812,891. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eri Chaya sold 6,302 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $257.45, for a total transaction of $1,622,449.90. Following the sale, the insider now owns 67,341 shares of the company’s stock, valued at approximately $17,336,940.45. The disclosure for this sale can be found here. Insiders sold a total of 14,678 shares of company stock worth $4,095,954 over the last quarter. Insiders own 23.40% of the company’s stock.

About RH

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RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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