RH (NYSE:RH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of RH (NYSE:RH) by 4.9% in the fourth quarter, Holdings Channel reports. The fund owned 9,575 shares of the company’s stock after selling 496 shares during the period. Mutual of America Capital Management LLC’s holdings in RH were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of RH. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of RH in the 3rd quarter valued at approximately $30,000. KB Financial Partners LLC lifted its holdings in shares of RH by 61.6% in the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after buying an additional 45 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after buying an additional 77 shares during the period. Core Wealth Advisors Inc. acquired a new stake in shares of RH in the 3rd quarter valued at approximately $51,000. Finally, Solstein Capital LLC acquired a new stake in shares of RH in the 3rd quarter valued at approximately $53,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on RH from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Barclays raised their price objective on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research note on Monday, April 1st. Loop Capital raised their price objective on RH from $260.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Wedbush raised their price objective on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Finally, Robert W. Baird raised their price objective on RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Two 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $332.15.

Insider Transactions at RH

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

RH Stock Performance

RH stock opened at $245.07 on Friday. The stock has a fifty day moving average of $278.70 and a two-hundred day moving average of $267.40. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 2.68 and a beta of 2.46. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

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

RH Company 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.