New York State Teachers Retirement System Cuts Stock Position in RH (NYSE:RH)

New York State Teachers Retirement System cut its holdings in shares of RH (NYSE:RH) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,608 shares of the company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of RH worth $5,554,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Texas Permanent School Fund Corp increased its position in RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after buying an additional 3,387 shares during the last quarter. First Hawaiian Bank raised its stake in RH by 116.2% in the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock valued at $1,398,000 after acquiring an additional 3,073 shares during the period. Entropy Technologies LP purchased a new stake in RH during the first quarter valued at about $2,200,000. Sei Investments Co. boosted its position in RH by 25.4% during the first quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock worth $8,341,000 after purchasing an additional 4,847 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of RH by 1,304.4% in the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock worth $4,955,000 after purchasing an additional 13,214 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the sale, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stefan Duban sold 4,285 shares of the business’s 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 transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Bank of America upped their price target on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. dropped their target price on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Loop Capital lifted their price target on RH from $230.00 to $320.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Stifel Nicolaus increased their price objective on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Wedbush raised RH from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $310.00 to $430.00 in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $331.77.

RH Trading Up 0.8 %

Shares of NYSE RH opened at $332.12 on Wednesday. The stock’s 50-day moving average is $313.14 and its 200 day moving average is $279.38. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 195.37, a P/E/G ratio of 1.82 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $367.00.

RH (NYSE:RH) last announced its quarterly earnings data 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 company had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 EPS. On average, analysts forecast that RH will post 5.67 EPS for the current fiscal year.

RH 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.