Retirement Systems of Alabama Sells 12,269 Shares of RH (NYSE:RH)

Retirement Systems of Alabama cut its holdings in shares of RH (NYSE:RH) by 40.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,149 shares of the company’s stock after selling 12,269 shares during the period. Retirement Systems of Alabama owned approximately 0.10% of RH worth $6,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in RH by 308.3% during the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Ridgewood Investments LLC purchased a new position in RH during the second quarter worth about $62,000. Centaurus Financial Inc. bought a new stake in RH in the 3rd quarter worth about $100,000. Ameliora Wealth Management Ltd. purchased a new stake in RH in the 3rd quarter valued at about $110,000. Finally, Quarry LP bought a new position in shares of RH during the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Down 3.7 %

RH stock opened at $396.39 on Thursday. The business has a 50-day simple moving average of $352.97 and a 200 day simple moving average of $300.92. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 113.91, a PEG ratio of 2.73 and a beta of 2.44.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. RH’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.42) EPS. On average, research analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.10% of the company’s stock.

Wall Street Analysts Forecast Growth

RH has been the subject of several recent analyst reports. Bank of America upped their target price on RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Barclays decreased their target price on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Robert W. Baird boosted their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Guggenheim raised their price objective on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Loop Capital raised their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $391.07.

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.