Mutual of America Capital Management LLC Lowers Position in RH (NYSE:RH)

Mutual of America Capital Management LLC cut its stake in RH (NYSE:RH) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,754 shares of the company’s stock after selling 154 shares during the period. Mutual of America Capital Management LLC’s holdings in RH were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sunbelt Securities Inc. lifted its holdings in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock valued at $44,000 after purchasing an additional 111 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of RH during the first quarter valued at approximately $45,000. Pingora Partners LLC purchased a new position in shares of RH during the fourth quarter valued at approximately $79,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of RH during the fourth quarter valued at approximately $80,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Trading Down 0.5%

NYSE:RH opened at $195.73 on Monday. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The company has a market cap of $3.67 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 0.57 and a beta of 2.17. The company has a 50 day simple moving average of $193.71 and a two-hundred day simple moving average of $257.41.

RH (NYSE:RH) last posted its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.20. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The business had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. During the same quarter in the previous year, the firm posted ($0.40) EPS. The firm’s revenue was up 12.0% on a year-over-year basis. Research analysts forecast that RH will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of RH from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Loop Capital reduced their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. reduced their price target on shares of RH from $510.00 to $250.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Wedbush reduced their price target on shares of RH from $500.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus reduced their price target 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $270.35.

About RH

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.