Rail-Splitter’s Top New Picks For Q3

Rail-Splitter’s new position in Restoration Hardware Holdings Inc (NYSE:RH) consists of 102,823 shares valued at $10.04 million at the end of the second quarter. It formed 2.89% of its total portfolio holdings. Restoration Hardware Holdings, Inc. (NYSE:RH) is a holding company, which together with its subsidiaries, deals in luxury home furnishings in various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and children’s furnishings. The US-based company has a market cap of $4.05 billion, and operates through a total of approximately 67 retail stores and over 17 outlet stores. The stock of Restoration Hardware Holdings Inc (NYSE:RH) has appreciated by 10.18% this year, and analysts see 4% more upside potential remaining from current trading levels. The company reported a profit of $7.15 million in the quarterly period that ended on May 2, which was up by $5.36 million from the same fiscal quarter of last year. Among the other prominent stockholders of this company, one can find Pasco Alfaro and Richard Tumure’s Miura Global Management, which owned around 1.35 million shares worth $132.59 million at the end of March.

A new position consisting of 247,681 Five Below Inc. (NASDAQ:FIVE)’s shares valued at $9.79 million was added to the public equity portfolio of Rail-Splitter Capital Management during the second quarter. The specialty clothing retailer’s stock formed 2.82% of the fund’s total portfolio holdings . Five Below Inc. (NASDAQ:FIVE) offers a range of products, all priced at five dollars and below (hence the name) for teen and pre-teen customers. The $2.03 billion market cap company operates 366 locations across 21 states. Five Below Inc (NASDAQ:FIVE)’s stock jumped by 17% during the month of June in response to better-than-expected first quarter results. On June 3, the company announced that its first quarter sales jumped by 22% in comparison to the same quarter of last year. This was mainly due to new locations added to the store base of the company, as opposed to increased customer traffic at existing shops. The company reported earnings of $0.08 per share for the quarter ending on April 30, beating Wall Street estimates by $0.01. During the three month period from April to June, shares of the company rose by 8.9%. Other pleased shareholders of the company going into the second quarter were Ken Griffin’s Citadel Investment Group, with 1.02 million shares, and Michael R. Weisberg’s Crestwood Capital Management, which owned 936,000 shares.

Disclosure: None