RH (NYSE:RH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in RH (NYSE:RH) by 37.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,683 shares of the company’s stock after selling 17,596 shares during the period. New York State Common Retirement Fund owned about 0.16% of RH worth $11,683,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of RH in the third quarter valued at about $4,268,000. Lisanti Capital Growth LLC acquired a new stake in RH in the 3rd quarter valued at about $3,251,000. Invst LLC purchased a new position in RH in the 3rd quarter worth approximately $752,000. Cerity Partners LLC lifted its stake in RH by 139.7% in the 3rd quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock worth $864,000 after purchasing an additional 1,506 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new position in shares of RH during the 4th quarter worth approximately $289,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 600 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock worth $29,129,879 in the last ninety days. 28.10% of the stock is owned by corporate insiders.

RH Trading Up 2.0 %

Shares of NYSE RH opened at $346.93 on Tuesday. The stock has a market capitalization of $6.45 billion, a PE ratio of 99.69, a PEG ratio of 2.65 and a beta of 2.42. RH has a twelve month low of $212.43 and a twelve month high of $457.26. The stock has a fifty day simple moving average of $406.73 and a 200-day simple moving average of $350.99.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.42) earnings per share. On average, equities analysts predict that RH will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RH shares. Barclays raised RH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $383.00 to $515.00 in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of RH in a report on Tuesday, February 18th. Loop Capital upped their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $261.00 to $374.00 in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

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.