State of Alaska Department of Revenue Sells 155 Shares of RH (NYSE:RH)

State of Alaska Department of Revenue lowered its stake in shares of RH (NYSE:RH) by 8.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,673 shares of the company’s stock after selling 155 shares during the period. State of Alaska Department of Revenue’s holdings in RH were worth $487,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley increased its stake in RH by 145.6% in the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock valued at $158,864,000 after acquiring an additional 352,456 shares during the last quarter. FMR LLC boosted its holdings in shares of RH by 11.5% in the 3rd quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after purchasing an additional 221,858 shares in the last quarter. Steadfast Capital Management LP increased its position in shares of RH by 239.4% during the 4th quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock valued at $77,204,000 after purchasing an additional 203,826 shares during the last quarter. Norges Bank purchased a new position in shares of RH during the 4th quarter valued at about $46,157,000. Finally, Bank of America Corp DE raised its holdings in shares of RH by 148.8% during the 1st quarter. Bank of America Corp DE now owns 244,618 shares of the company’s stock valued at $59,577,000 after buying an additional 146,280 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

RH Stock Down 4.4 %

NYSE RH opened at $255.35 on Friday. The firm has a market capitalization of $4.68 billion, a PE ratio of 45.84, a P/E/G ratio of 2.87 and a beta of 2.46. The stock’s 50 day moving average is $279.41 and its 200 day moving average is $267.84. RH has a twelve month low of $207.26 and a twelve month high of $406.38.

RH (NYSE:RH) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.99). The firm had revenue of $738.26 million for the quarter, compared to analysts’ expectations of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.88 EPS. On average, research analysts anticipate that RH will post 9.08 earnings per share for the current year.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 1,000 shares of RH stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the transaction, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark S. Demilio sold 1,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now directly owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction of $616,440.00. Following the sale, the director now owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The disclosure for this sale can be found here. Insiders own 23.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on RH shares. Barclays increased their price target on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $335.00 target price (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. Wells Fargo & Company upped their price target on shares of RH from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Finally, Robert W. Baird increased their target price on RH from $280.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, RH presently has an average rating of “Hold” and a consensus target price of $332.15.

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.