RH (NYSE:RH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of RH (NYSE:RH) by 32.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,680 shares of the company’s stock after selling 16,627 shares during the quarter. Principal Financial Group Inc.’s holdings in RH were worth $11,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after acquiring an additional 35 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock valued at $2,986,000 after purchasing an additional 38 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of RH by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after purchasing an additional 40 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock worth $296,000 after purchasing an additional 47 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in RH by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock valued at $579,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Buying and Selling

In other RH news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares of the company’s stock, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

RH Stock Down 2.2 %

RH stock opened at $315.70 on Monday. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 185.71, a PEG ratio of 1.78 and a beta of 2.43. The business has a fifty day simple moving average of $325.01 and a 200-day simple moving average of $283.56. RH has a 52 week low of $212.43 and a 52 week high of $367.00.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.93 earnings per share. As a group, analysts expect that RH will post 5.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RH has been the subject of several recent research reports. Wedbush raised RH from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $310.00 to $430.00 in a research report on Monday, October 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. JPMorgan Chase & Co. reduced their target price on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, BNP Paribas reissued an “underperform” rating and set a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, RH has a consensus rating of “Hold” and a consensus price target of $326.14.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.