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R.J. Hottovy

R.J. Hottovy

R.J. Hottovy, CFA, is a consumer strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He is responsible for consumer discretionary and staples research. He has covered the consumer sector as an analyst and director of global consumer equity research for Morningstar since joining the company in 2008, and specializes in a broad range of consumer categories including restaurants, footwear and apparel retailers, consumer electronics retailers, fitness clubs, home improvement and furnishing retailers, and consumer product manufacturers.

Before joining Morningstar, Hottovy was a director and senior stock analyst for Next Generation Equity and an analyst for William Blair & Co., specializing in a wide range of retail and consumer product companies. He also spent two years at Deutsche Bank, covering waste management, water utilities, and equipment rental stocks.

Hottovy holds a bachelor’s degree in finance and a second degree in computer applications from the University of Notre Dame, where he graduated magna cum laude. He also holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Chicago.


As the retailer hits a profitability inflection point, we're increasing our fair value estimate of the shares, writes Morningstar's R.J. Hottovy.

The restaurant’s ability to raise prices to offset higher costs supports our thesis that the narrow-moat company benefits from strong brand intangible assets, writes Morningstar analyst R.J. Hottovy.

The shared services agreement between eBay and PayPal should preserve the synergies between the businesses while allowing management to focus on enhancing their respective network effects, says Morningstar’s R.J. Hottovy.

Valuation on the newly minted wide-moat firm may be reasonable, but potential investors need to appreciate the key business, regulatory, and stewardship risks, says Morningstar’s RJ Hottovy.

Management’s response to the Marketplaces data breach, the firm’s impressive gains in payment and mobile volumes, and its capital-allocation efforts are reasons why Morningstar’s R.J. Hottovy is maintaining a long-term positive outlook for the firm.

Amazon's margin expansion is less visible than its growth trajectory given new investments on the horizon, but the firm remains one of the most disruptive companies in the consumer space.

Amazon Prime has likely hit a key inflection point and will help the online giant lock in customers while neutralizing competitive efforts from traditional retailers, says Morningstar's R.J. Hottovy.