Short Interest in RH (NYSE:RH) Rises By 21.6%

RH (NYSE:RHGet Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 3,320,000 shares, an increase of 21.6% from the April 15th total of 2,730,000 shares. Approximately 18.1% of the company’s stock are sold short. Based on an average trading volume of 932,000 shares, the short-interest ratio is currently 3.6 days.

Shares of NYSE RH traded down $21.48 during midday trading on Wednesday, reaching $276.80. The company’s stock had a trading volume of 35,449 shares, compared to its average volume of 891,574. The company has a 50 day moving average price of $335.23 and a 200 day moving average price of $444.21. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.98 and a beta of 2.19. The company has a current ratio of 2.91, a quick ratio of 2.22 and a debt-to-equity ratio of 2.36. RH has a one year low of $270.96 and a one year high of $744.56.

RH (NYSE:RHGet Rating) last issued its quarterly earnings data on Tuesday, March 29th. The company reported $5.66 earnings per share for the quarter, topping analysts’ consensus estimates of $5.59 by $0.07. The business had revenue of $902.74 million during the quarter, compared to analysts’ expectations of $931.50 million. RH had a net margin of 18.32% and a return on equity of 85.67%. RH’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.07 earnings per share. Research analysts anticipate that RH will post 26.21 earnings per share for the current fiscal year.

RH has been the topic of a number of recent analyst reports. StockNews.com started coverage on shares of RH in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Guggenheim decreased their price target on RH from $825.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th. The Goldman Sachs Group dropped their price target on RH from $539.00 to $466.00 and set a “neutral” rating for the company in a research report on Thursday, March 31st. Citigroup decreased their target price on RH from $668.00 to $535.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Finally, TheStreet lowered RH from a “b-” rating to a “c+” rating in a research note on Monday, April 4th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $587.72.

In other news, Director Hilary K. Krane sold 138 shares of RH stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $328.93, for a total value of $45,392.34. Following the transaction, the director now owns 7,116 shares in the company, valued at approximately $2,340,665.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 400 shares of the stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $349.28, for a total transaction of $139,712.00. Following the sale, the insider now directly owns 2,624 shares of the company’s stock, valued at approximately $916,510.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 447,408 shares of company stock worth $144,336,637. 33.40% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Darsana Capital Partners LP acquired a new position in shares of RH in the 3rd quarter valued at $266,764,000. D1 Capital Partners L.P. increased its position in shares of 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 during the last quarter. Lone Pine Capital LLC increased its position in shares of RH by 24.3% during the 4th quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock worth $859,588,000 after purchasing an additional 313,268 shares during the last quarter. Select Equity Group L.P. increased its position in shares of RH by 169.3% during the 4th quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock worth $227,179,000 after purchasing an additional 266,464 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new position in shares of RH during the 3rd quarter worth approximately $165,770,000. Institutional investors own 96.27% of the company’s stock.

RH Company Profile (Get Rating)

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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