State of Alaska Department of Revenue Acquires 60 Shares of RH (NYSE:RH)

State of Alaska Department of Revenue boosted its holdings in shares of RH (NYSE:RH) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,733 shares of the company’s stock after buying an additional 60 shares during the quarter. State of Alaska Department of Revenue’s holdings in RH were worth $579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position 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 buying an additional 62,198 shares in the last quarter. Anomaly Capital Management LP grew its stake in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after acquiring an additional 291,368 shares during the period. Dimensional Fund Advisors LP increased its holdings in RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after acquiring an additional 18,563 shares during the period. Finally, Marshall Wace LLP lifted its holdings in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock valued at $42,612,000 after purchasing an additional 64,423 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Performance

Shares of RH opened at $333.15 on Friday. The stock has a market capitalization of $6.14 billion, a PE ratio of 195.97, a P/E/G ratio of 1.86 and a beta of 2.43. The company’s fifty day moving average is $315.83 and its 200 day moving average is $280.06. RH has a fifty-two week low of $212.43 and a fifty-two week high of $367.00.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping 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 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 previous year, the firm posted $3.93 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, research analysts forecast that RH will post 5.67 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Barclays cut their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Telsey Advisory Group restated a “market perform” rating and issued a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Robert W. Baird increased their target price on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. 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 assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $331.77.

Insider Buying and Selling at RH

In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Stefan Duban sold 4,285 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,285 shares of company stock worth $2,871,935 over the last ninety days. Company 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.