Teacher Retirement System of Texas Acquires Shares of 2,175 RH (NYSE:RH)

Teacher Retirement System of Texas purchased a new position in shares of RH (NYSE:RH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,175 shares of the company’s stock, valued at approximately $510,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its holdings in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. GAMMA Investing LLC grew its stake in RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after buying an additional 111 shares in the last quarter. NBC Securities Inc. bought a new position in RH in the 1st quarter valued at about $45,000. Pingora Partners LLC acquired a new position in shares of RH in the 4th quarter valued at approximately $79,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of RH in the 4th quarter valued at approximately $80,000. Institutional investors own 90.17% of the company’s stock.

RH Trading Up 0.5%

Shares of RH opened at $188.46 on Thursday. The stock’s 50-day moving average price is $193.67 and its two-hundred day moving average price is $262.03. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The company has a market capitalization of $3.53 billion, a PE ratio of 44.87, a PEG ratio of 0.54 and a beta of 2.17.

RH (NYSE:RH) last announced its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $817.66 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that RH will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RH shares. Wedbush decreased their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Zelman & Associates lowered their price target on RH from $305.00 to $251.00 and set an “outperform” rating for the company in a report on Wednesday, July 9th. Loop Capital decreased their target price on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Stifel Nicolaus lowered their target price on RH from $450.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of RH in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $270.35.

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.