Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in RH (NYSE:RH – Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,632 shares of the company’s stock after buying an additional 218 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in RH were worth $2,845,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fulton Bank N.A. bought a new stake in shares of RH in the 2nd quarter worth about $285,000. Pacer Advisors Inc. grew its holdings in shares of RH by 321.2% in the 2nd quarter. Pacer Advisors Inc. now owns 3,100 shares of the company’s stock worth $1,022,000 after purchasing an additional 2,364 shares during the last quarter. Aveo Capital Partners LLC acquired a new position in RH during the 1st quarter worth about $271,000. Russell Investments Group Ltd. lifted its position in RH by 79.1% during the 1st quarter. Russell Investments Group Ltd. now owns 3,165 shares of the company’s stock worth $771,000 after buying an additional 1,398 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in RH by 1.0% during the 1st quarter. Treasurer of the State of North Carolina now owns 11,747 shares of the company’s stock worth $2,861,000 after buying an additional 119 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Wedbush reduced their price target on shares of RH from $335.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $365.00 price target on shares of RH in a research report on Friday, September 8th. UBS Group reduced their price target on shares of RH from $350.00 to $340.00 and set a “neutral” rating on the stock in a research report on Friday, September 8th. Wells Fargo & Company upped their target price on shares of RH from $300.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Finally, StockNews.com upgraded shares of RH from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $319.87.
Insider Buying and Selling
In related news, Director Carlos Alberini sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $310.42, for a total transaction of $7,760,500.00. Following the completion of the sale, the director now directly owns 21,916 shares of the company’s stock, valued at approximately $6,803,164.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 23.90% of the stock is owned by company insiders.
RH Stock Performance
Shares of RH stock opened at $259.48 on Monday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.55 and a quick ratio of 0.71. The stock has a market cap of $4.77 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 3.04 and a beta of 2.27. The stock has a 50-day moving average of $253.02 and a 200-day moving average of $297.39. RH has a one year low of $207.26 and a one year high of $406.38.
RH (NYSE:RH – Get Free Report) last posted its earnings results on Thursday, September 7th. The company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $1.30. RH had a return on equity of 54.78% and a net margin of 10.19%. The business had revenue of $800.48 million during the quarter, compared to analysts’ expectations of $777.89 million. As a group, sell-side analysts expect that RH will post 9.77 earnings per share for the current year.
RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.
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