Fintel reports that D1 Capital Partners has filed a 13G/A form with the SEC disclosing ownership of 1.77MM shares of RH (RH). This represents 7.4% of the company.
In their previous filing dated February 14, 2022 they reported 1.29MM shares and 6.00% of the company, an increase in shares of 37.66% and an increase in total ownership of 1.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 3.15% Upside
As of February 13, 2023, the average one-year price target for RH is $330.28. The forecasts range from a low of $217.15 to a high of $399.00. The average price target represents an increase of 3.15% from its latest reported closing price of $320.18.
The projected annual revenue for RH is $3,713MM, a decrease of 0.21%. The projected annual EPS is $25.04, a decrease of 21.78%.
What is the Fund Sentiment?
There are 804 funds or institutions reporting positions in RH. This is a decrease of 26 owner(s) or 3.13% in the last quarter. Average portfolio weight of all funds dedicated to RH is 0.34%, an increase of 12.61%. Total shares owned by institutions increased in the last three months by 5.44% to 23,000K shares. The put/call ratio of RH is 1.14, indicating a bearish outlook.
What are large shareholders doing?
Berkshire Hathaway holds 2,360K shares representing 10.23% ownership of the company. In it's prior filing, the firm reported owning 2,170K shares, representing an increase of 8.05%. The firm increased its portfolio allocation in RH by 27.80% over the last quarter.
Lone Pine Capital holds 1,773K shares representing 7.69% ownership of the company. No change in the last quarter.
Darsana Capital Partners holds 950K shares representing 4.12% ownership of the company. No change in the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 686K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 675K shares, representing an increase of 1.54%. The firm increased its portfolio allocation in RH by 4.19% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 591K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 580K shares, representing an increase of 1.85%. The firm increased its portfolio allocation in RH by 23.11% over the last quarter.
RH Background Information
(This description is provided by the company.)
RH is a curator of design, taste and style in the luxury lifestyle market. The Company offers its collections through its retail galleries across North America, the Company’s multiple Source Books, and online at RH.com, RHModern.com, RHBabyandChild.com, RHTeen.com and Waterworks.com.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
