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

California Public Employees Retirement System lessened its holdings in shares of RH (NYSE:RHGet Rating) by 3.3% during the second quarter, according to its most recent disclosure 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 period. California Public Employees Retirement System owned approximately 0.14% of RH worth $7,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RH. Steward Partners Investment Advisory LLC grew its holdings in RH by 64.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,175 shares of the company’s stock worth $383,000 after acquiring an additional 460 shares during the period. International Assets Investment Management LLC purchased a new stake in RH during the first quarter worth $203,000. Versor Investments LP boosted its position in RH by 102.2% during the first quarter. Versor Investments LP now owns 2,107 shares of the company’s stock worth $687,000 after purchasing an additional 1,065 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in RH by 2.6% during the first quarter. Advisor Group Holdings Inc. now owns 4,651 shares of the company’s stock worth $1,563,000 after purchasing an additional 117 shares in the last quarter. Finally, BlackDiamond Wealth Management Inc. purchased a new stake in RH during the first quarter worth $478,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RH. William Blair began coverage on RH in a research report on Wednesday, September 21st. They set an “outperform” rating on the stock. Barclays downgraded RH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $328.00 to $243.00 in a research report on Monday. Jefferies Financial Group reduced their price objective on RH from $400.00 to $375.00 and set a “buy” rating on the stock in a research report on Friday, September 9th. StockNews.com started coverage on RH in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reduced their price objective on RH from $350.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Friday, September 9th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $336.81.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,190 shares of the 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 in the company, valued at $787,200. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other RH news, insider Edward T. Lee sold 2,190 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $300.00, for a total transaction of $657,000.00. Following the transaction, the insider now owns 2,624 shares of the company’s stock, valued at approximately $787,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hilary K. Krane sold 137 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $236.34, for a total value of $32,378.58. Following the completion of the sale, the director now directly owns 6,663 shares in the company, valued at approximately $1,574,733.42. The disclosure for this sale can be found here. Insiders sold 14,079 shares of company stock worth $3,801,767 over the last three months. 23.40% of the stock is owned by insiders.

RH Stock Performance

Shares of NYSE:RH opened at $276.45 on Thursday. The firm has a market capitalization of $6.56 billion, a PE ratio of 9.76, a P/E/G ratio of 1.39 and a beta of 2.10. The company has a debt-to-equity ratio of 2.55, a current ratio of 3.39 and a quick ratio of 2.49. The business has a 50-day moving average of $256.11 and a two-hundred day moving average of $266.27. RH has a 12 month low of $207.37 and a 12 month high of $658.51.

RH (NYSE:RHGet Rating) last announced its quarterly 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 company had revenue of $991.62 million during the quarter, compared to analyst estimates of $969.20 million. RH had a return on equity of 67.69% and a net margin of 16.95%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $8.48 earnings per share. As a group, research analysts forecast that RH will post 24.56 earnings per share for the current year.

About RH

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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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