Retirement Systems of Alabama Grows Stock Position in RH (NYSE:RH)

Retirement Systems of Alabama increased its holdings in RH (NYSE:RH) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,340 shares of the company’s stock after buying an additional 136 shares during the period. Retirement Systems of Alabama owned about 0.10% of RH worth $4,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc purchased a new position in RH in the 4th quarter valued at about $219,000. Truist Financial Corp purchased a new position in RH in the 4th quarter valued at about $227,000. Private Advisor Group LLC acquired a new position in shares of RH during the 4th quarter valued at about $267,000. IFP Advisors Inc increased its stake in shares of RH by 4.8% during the 4th quarter. IFP Advisors Inc now owns 3,576 shares of the company’s stock valued at $1,409,000 after acquiring an additional 164 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of RH by 2.7% during the 4th quarter. Amalgamated Bank now owns 7,244 shares of the company’s stock valued at $2,851,000 after acquiring an additional 191 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of RH from $215.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Telsey Advisory Group dropped their price objective on shares of RH from $280.00 to $255.00 and set an “outperform” rating for the company in a research note on Monday, June 9th. UBS Group dropped their target price on shares of RH from $235.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, June 5th. Barclays dropped their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus dropped their target price on shares of RH from $450.00 to $390.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $271.56.

RH Price Performance

Shares of RH stock opened at $187.00 on Thursday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business has a 50-day moving average of $187.50 and a two-hundred day moving average of $283.16. The company has a market capitalization of $3.50 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 0.52 and a beta of 2.19.

RH (NYSE:RH) last announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The business had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same quarter last year, the firm earned ($0.40) EPS. RH’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that RH will post 4.39 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.