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

Retirement Systems of Alabama lessened its position in RH (NYSE:RH) by 40.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,149 shares of the company’s stock after selling 12,269 shares during the period. Retirement Systems of Alabama’s holdings in RH were worth $6,070,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RH. Anomaly Capital Management LP raised its position in RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock valued at $85,365,000 after purchasing an additional 291,368 shares during the last quarter. Two Sigma Advisers LP raised its holdings in RH by 141.5% in the 3rd quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after purchasing an additional 93,500 shares in the last quarter. Marshall Wace LLP lifted its position in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares during the period. Victory Capital Management Inc. increased its position in shares of RH by 77.0% during the second quarter. Victory Capital Management Inc. now owns 128,711 shares of the company’s stock valued at $31,462,000 after buying an additional 55,999 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in RH by 24.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 227,247 shares of the company’s stock worth $55,548,000 after buying an additional 44,278 shares during the period. 90.17% of the stock is owned by institutional investors.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 28.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen lifted their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Robert W. Baird lifted their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Guggenheim boosted their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays lowered their price objective on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, Telsey Advisory Group increased their target price on RH from $290.00 to $330.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, RH has an average rating of “Hold” and a consensus target price of $391.07.

RH Price Performance

RH stock opened at $396.39 on Thursday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The company has a market cap of $7.37 billion, a P/E ratio of 113.91, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44. The stock’s fifty day moving average price is $352.97 and its 200-day moving average price is $300.92.

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