State of New Jersey Common Pension Fund D Sells 1,124 Shares of RH (NYSE:RH)

State of New Jersey Common Pension Fund D trimmed its holdings in RH (NYSE:RH) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,392 shares of the company’s stock after selling 1,124 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in RH were worth $2,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its stake in shares of RH by 56.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 4,296 shares of the company’s stock worth $1,136,000 after acquiring an additional 1,545 shares during the last quarter. Raymond James & Associates boosted its position in shares of RH by 3.1% in the third quarter. Raymond James & Associates now owns 9,095 shares of the company’s stock worth $2,404,000 after purchasing an additional 274 shares during the period. Solstein Capital LLC purchased a new stake in shares of RH in the third quarter worth $53,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in RH by 19.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,098 shares of the company’s stock worth $819,000 after buying an additional 509 shares in the last quarter. Finally, Deepwater Asset Management LLC raised its stake in RH by 3.7% during the 3rd quarter. Deepwater Asset Management LLC now owns 39,357 shares of the company’s stock valued at $10,404,000 after purchasing an additional 1,401 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 1,000 shares of the firm’s stock in a transaction 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 owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RH news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total transaction of $288,990.00. Following the sale, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 23.90% of the company’s stock.

RH Stock Performance

RH stock opened at $255.78 on Tuesday. The company has a 50 day moving average price of $275.66 and a 200-day moving average price of $267.20. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The company has a market capitalization of $4.69 billion, a PE ratio of 45.92, a P/E/G ratio of 2.74 and a beta of 2.46.

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

Wall Street Analyst Weigh In

RH has been the topic of a number of research reports. Barclays lifted their price target on shares of RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $335.00 target price (up from $285.00) on shares of RH in a research report on Tuesday, March 26th. Robert W. Baird raised their price target on RH from $280.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Wells Fargo & Company lifted their price objective on RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Wedbush increased their target price on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.