New York State Teachers Retirement System Reduces Stock Holdings in RH (NYSE:RH)

New York State Teachers Retirement System reduced its stake in RH (NYSE:RH) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,708 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned 0.09% of RH worth $4,870,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cetera Advisors LLC increased its stake in RH by 2.4% in the fourth quarter. Cetera Advisors LLC now owns 1,350 shares of the company’s stock valued at $361,000 after purchasing an additional 32 shares during the last quarter. KB Financial Partners LLC increased its stake in RH by 61.6% in the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in RH by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock valued at $851,000 after purchasing an additional 56 shares during the last quarter. Venture Visionary Partners LLC increased its stake in RH by 1.2% in the third quarter. Venture Visionary Partners LLC now owns 4,813 shares of the company’s stock valued at $1,272,000 after purchasing an additional 58 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in shares of RH by 51.7% in the fourth quarter. Money Concepts Capital Corp now owns 217 shares of the company’s stock valued at $58,000 after acquiring an additional 74 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Down 4.5 %

Shares of RH stock opened at $255.18 on Friday. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The stock has a market cap of $4.67 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.94 and a beta of 2.46. The business has a fifty day simple moving average of $279.40 and a 200-day simple moving average of $267.78.

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

Insider Activity

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RH. Loop Capital increased their price objective on RH from $260.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 1st. The Goldman Sachs Group increased their price objective on RH from $201.00 to $264.00 and gave the company a “sell” rating in a report on Monday, April 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $335.00 price objective (up from $285.00) on shares of RH in a report on Tuesday, March 26th. Barclays increased their price target on RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, April 1st. Finally, Wells Fargo & Company increased their price target on RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.