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

New York State Common Retirement Fund cut its holdings in RH (NYSE:RH) by 37.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,683 shares of the company’s stock after selling 17,596 shares during the period. New York State Common Retirement Fund’s holdings in RH were worth $11,683,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fortis Group Advisors LLC acquired a new stake in RH during the fourth quarter worth approximately $1,907,000. Truist Financial Corp purchased a new position in shares of RH in the 4th quarter valued at $227,000. CIBC Asset Management Inc acquired a new stake in RH during the 4th quarter worth $219,000. L.M. Kohn & Company acquired a new stake in RH during the 4th quarter worth $289,000. Finally, Game Plan Financial Advisors LLC lifted its position in RH by 3.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 7,784 shares of the company’s stock valued at $3,067,000 after acquiring an additional 245 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RH shares. BNP Paribas reiterated an “underperform” rating and set a $253.00 target price on shares of RH in a research report on Wednesday, November 13th. Telsey Advisory Group raised RH from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $435.00 to $530.00 in a report on Monday, January 13th. The Goldman Sachs Group upgraded shares of RH from a “sell” rating to a “neutral” rating and raised their target price for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Finally, Loop Capital upped their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

RH Stock Up 2.0 %

Shares of NYSE:RH opened at $346.93 on Tuesday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a 50-day moving average price of $406.73 and a 200 day moving average price of $350.99. The company has a market cap of $6.45 billion, a P/E ratio of 99.69, a PEG ratio of 2.65 and a beta of 2.42.

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

Insiders Place Their Bets

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,880 shares of company stock worth $29,129,879. Corporate insiders own 28.10% of the company’s stock.

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.