RH (NYSE:RH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in RH (NYSE:RHGet Rating) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,965 shares of the company’s stock after selling 1,176 shares during the quarter. California Public Employees Retirement System’s holdings in RH were worth $7,209,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RH. Steward Partners Investment Advisory LLC increased its position in RH by 64.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,175 shares of the company’s stock valued at $383,000 after acquiring an additional 460 shares during the period. International Assets Investment Management LLC acquired a new stake in RH in the 1st quarter valued at approximately $203,000. Versor Investments LP increased its position in RH by 102.2% in the 1st quarter. Versor Investments LP now owns 2,107 shares of the company’s stock valued at $687,000 after acquiring an additional 1,065 shares during the period. Advisor Group Holdings Inc. increased its position in shares of RH by 2.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,651 shares of the company’s stock valued at $1,563,000 after purchasing an additional 117 shares during the period. Finally, BlackDiamond Wealth Management Inc. acquired a new position in shares of RH during the 1st quarter valued at $478,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RH

In related news, insider Eri Chaya sold 10,000 shares of RH stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $266.55, for a total transaction of $2,665,500.00. Following the completion of the sale, the insider now owns 53,643 shares of the company’s stock, valued at $14,298,541.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other RH news, insider Edward T. Lee sold 2,190 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $300.00, for a total value of $657,000.00. Following the completion of the sale, the insider now owns 2,624 shares of the company’s stock, valued at $787,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $266.55, for a total value of $2,665,500.00. Following the completion of the sale, the insider now directly owns 53,643 shares of the company’s stock, valued at approximately $14,298,541.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,079 shares of company stock valued at $3,801,767. Insiders own 23.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on RH from $338.00 to $305.00 in a research report on Monday, October 31st. UBS Group lifted their price target on RH from $240.00 to $262.00 in a research report on Friday, September 9th. Jefferies Financial Group lowered their price target on RH from $400.00 to $375.00 and set a “buy” rating on the stock in a research report on Friday, September 9th. Wedbush cut RH from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $274.00 to $270.00 in a research report on Friday, November 18th. Finally, Robert W. Baird lifted their target price on RH from $250.00 to $275.00 in a report on Friday, September 9th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $336.81.

RH Stock Performance

Shares of RH stock opened at $276.45 on Thursday. The stock has a market cap of $6.56 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.39 and a beta of 2.10. The business has a fifty day simple moving average of $256.11 and a 200-day simple moving average of $266.27. The company has a quick ratio of 2.49, a current ratio of 3.39 and a debt-to-equity ratio of 2.55. RH has a 12 month low of $207.37 and a 12 month high of $658.51.

RH (NYSE:RHGet Rating) last issued its earnings results on Thursday, September 8th. The company reported $8.08 EPS for the quarter, topping the consensus estimate of $6.81 by $1.27. The business had revenue of $991.62 million during the quarter, compared to analysts’ expectations of $969.20 million. RH had a return on equity of 67.69% and a net margin of 16.95%. RH’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $8.48 earnings per share. On average, sell-side analysts anticipate that RH will post 24.56 EPS for the current fiscal year.

RH Company Profile

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RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Institutional Ownership by Quarter for RH (NYSE:RH)

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