Treasurer of the State of North Carolina Has $2.01 Million Stock Position in RH (NYSE:RH)

Treasurer of the State of North Carolina cut its stake in RH (NYSE:RHFree Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,899 shares of the company’s stock after selling 680 shares during the period. Treasurer of the State of North Carolina’s holdings in RH were worth $2,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RH. FMR LLC raised its stake in RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after acquiring an additional 221,858 shares in the last quarter. Atreides Management LP increased its position in shares of RH by 0.3% during the 3rd quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock worth $280,188,000 after purchasing an additional 3,375 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in RH by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 265,035 shares of the company’s stock valued at $77,260,000 after purchasing an additional 15,312 shares during the last quarter. Senvest Management LLC boosted its position in RH by 19.2% in the third quarter. Senvest Management LLC now owns 237,062 shares of the company’s stock valued at $62,670,000 after buying an additional 38,249 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in RH by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 135,789 shares of the company’s stock worth $39,580,000 after buying an additional 7,334 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on RH shares. Loop Capital boosted their price objective on RH from $260.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. The Goldman Sachs Group increased their price objective on shares of RH from $201.00 to $264.00 and gave the stock a “sell” rating in a report on Monday, April 1st. Barclays raised their price objective 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. Robert W. Baird increased their price target on shares of RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Finally, Telsey Advisory Group lowered their price target on shares of RH from $335.00 to $320.00 and set a “market perform” rating for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, RH has a consensus rating of “Hold” and a consensus price target of $331.00.

Get Our Latest Stock Report on RH

RH Stock Performance

Shares of NYSE RH opened at $279.25 on Friday. RH has a 52-week low of $207.26 and a 52-week high of $406.38. The stock has a market cap of $5.12 billion, a P/E ratio of 50.13, a P/E/G ratio of 0.92 and a beta of 2.51. The firm has a 50 day moving average price of $270.56 and a 200 day moving average price of $274.29.

RH (NYSE:RHGet Free Report) last posted its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The business had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. RH had a net margin of 4.21% and a negative return on equity of 777.61%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 earnings per share. Analysts predict that RH will post 8.99 earnings per share for the current fiscal year.

Insider Activity at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $308.22, for a total value of $616,440.00. Following the completion of the transaction, the director now owns 12,991 shares in the company, valued at approximately $4,004,086.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eri Chaya sold 100,000 shares of the company’s stock in a transaction dated 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. In the last quarter, insiders have sold 103,000 shares of company stock valued at $28,897,430. 28.10% of the stock is owned by insiders.

RH Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for RH (NYSE:RH)

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