California Public Employees Retirement System lessened its holdings in shares of RH (NYSE:RH – Get 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
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:RH – Get 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.
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.
- Get a free copy of the StockNews.com research report on RH (RH)
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