Public Employees Retirement Association of Colorado Sells 55 Shares of RH (NYSE:RH)

Public Employees Retirement Association of Colorado trimmed its position in shares of RH (NYSE:RH) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,626 shares of the company’s stock after selling 55 shares during the period. Public Employees Retirement Association of Colorado’s holdings in RH were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RH. Norges Bank bought a new position in shares of RH in the fourth quarter worth about $38,736,000. Granahan Investment Management LLC purchased a new stake in shares of RH in the fourth quarter valued at approximately $24,915,000. Price T Rowe Associates Inc. MD grew its stake in RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after purchasing an additional 62,198 shares in the last quarter. Victory Capital Management Inc. increased its holdings in RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock worth $31,462,000 after purchasing an additional 55,999 shares during the period. Finally, Bamco Inc. NY raised its position in RH by 128.3% during the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company’s stock valued at $33,084,000 after purchasing an additional 53,395 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Down 0.1 %

RH stock opened at $339.34 on Friday. The stock has a market capitalization of $6.26 billion, a PE ratio of 94.00, a price-to-earnings-growth ratio of 1.96 and a beta of 2.42. RH has a 52 week low of $207.26 and a 52 week high of $354.86. The firm has a 50 day moving average of $276.74 and a 200 day moving average of $270.56.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same period in the prior year, the firm earned $3.93 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts expect that RH will post 5.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

RH has been the topic of several research reports. Wedbush raised their price target on RH from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. Stifel Nicolaus boosted their price target on shares of RH from $315.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 16th. Morgan Stanley increased their price objective on shares of RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Robert W. Baird boosted their price objective on shares of RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Finally, Loop Capital upped their target price on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, RH currently has an average rating of “Hold” and a consensus price target of $322.54.

Insider Activity at RH

In other RH 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 transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at approximately $3,714,034.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now owns 78 shares in the company, valued at $27,016.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of RH 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 of the company’s stock, valued at $3,714,034.20. The disclosure for this sale can be found here. 28.10% of the stock is owned by insiders.

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.