New York State Teachers Retirement System Sells 100 Shares of RH (NYSE:RH)

New York State Teachers Retirement System reduced its stake in RH (NYSE:RH) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,608 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in RH were worth $5,554,000 at the end of the most recent reporting period.

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

Insider Transactions at RH

In related news, insider Stefan Duban sold 4,285 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock valued at $2,871,935 over the last 90 days. Company insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

RH has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Bank of America raised their target price on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley increased their price target on RH from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Loop Capital lifted their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Finally, StockNews.com raised RH to a “sell” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $331.77.

RH Price Performance

Shares of NYSE:RH opened at $332.12 on Wednesday. The company has a market capitalization of $6.12 billion, a P/E 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. The firm’s 50 day simple moving average is $313.14 and its two-hundred day simple moving average is $279.38.

RH (NYSE:RH) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The company had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter in the previous year, the company earned $3.93 EPS. RH’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that RH will post 5.67 earnings per share 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.