New York Life Investment Management LLC Purchases 67 Shares of RH (NYSE:RH)

New York Life Investment Management LLC boosted its position in RH (NYSE:RH) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,703 shares of the company’s stock after buying an additional 67 shares during the quarter. New York Life Investment Management LLC’s holdings in RH were worth $496,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in RH by 56.7% during the fourth quarter. Victory Capital Management Inc. now owns 117,523 shares of the company’s stock worth $34,256,000 after acquiring an additional 42,509 shares during the period. Greatmark Investment Partners Inc. grew its position in RH by 112.8% during the fourth quarter. Greatmark Investment Partners Inc. now owns 2,500 shares of the company’s stock worth $729,000 after buying an additional 1,325 shares in the last quarter. Investment House LLC grew its position in RH by 70.0% during the fourth quarter. Investment House LLC now owns 32,220 shares of the company’s stock worth $9,391,000 after buying an additional 13,267 shares in the last quarter. Russell Investments Group Ltd. increased its stake in RH by 49.3% during the fourth quarter. Russell Investments Group Ltd. now owns 14,237 shares of the company’s stock valued at $4,150,000 after acquiring an additional 4,701 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in RH by 26.0% in the 4th quarter. New York State Common Retirement Fund now owns 41,467 shares of the company’s stock valued at $12,087,000 after acquiring an additional 8,565 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Up 5.5 %

Shares of RH opened at $294.19 on Friday. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The stock has a market capitalization of $5.39 billion, a P/E ratio of 52.82, a P/E/G ratio of 3.03 and a beta of 2.54. The company has a 50 day moving average of $277.00 and a 200-day moving average of $268.73.

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

Insider Buying and Selling at RH

In other news, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the completion of the sale, the director now directly owns 11,991 shares of the company’s stock, valued at $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eri Chaya sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $279.92, for a total value of $27,992,000.00. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock worth $28,897,430 over the last ninety days. 23.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RH. Telsey Advisory Group reissued a “market perform” rating and set a $335.00 price objective (up previously from $285.00) on shares of RH in a report on Tuesday, March 26th. Oppenheimer restated a “market perform” rating on shares of RH in a research note on Monday, April 1st. Wedbush upped their target price on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Wells Fargo & Company upped their price objective on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group increased their target price on RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RH has an average rating of “Hold” and an average 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.