RH (NYSE:RH) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in shares of RH (NYSE:RH) by 29.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,410 shares of the company’s stock after selling 1,408 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in RH were worth $1,342,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Two Sigma Advisers LP lifted its position in RH by 141.5% in the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock valued at $53,375,000 after purchasing an additional 93,500 shares during the period. Artemis Investment Management LLP acquired a new stake in RH in the fourth quarter valued at about $31,384,000. WCM Investment Management LLC acquired a new stake in RH in the fourth quarter valued at about $18,006,000. Charles Schwab Investment Management Inc. lifted its position in RH by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the period. Finally, Portolan Capital Management LLC acquired a new stake in RH in the third quarter valued at about $5,177,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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. Stifel Nicolaus lifted their price target on shares of RH from $420.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $485.00 to $500.00 in a research report on Thursday, December 19th. Loop Capital lifted their price target on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, BNP Paribas reiterated an “underperform” rating and set a $253.00 price target on shares of RH in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

Insiders Place Their Bets

In other RH news, insider Edward T. Lee sold 600 shares of RH stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total value of $268,038.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Keith Belling sold 500 shares of RH stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,880 shares of company stock valued at $29,129,879. Company insiders own 28.10% of the company’s stock.

RH Stock Performance

RH stock opened at $321.31 on Friday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 92.33, a PEG ratio of 2.65 and a beta of 2.42. RH has a one year low of $212.43 and a one year high of $457.26. The company has a 50 day moving average price of $400.52 and a two-hundred day moving average price of $353.33.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm 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 35.72% and a net margin of 2.25%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.42) earnings per share. Research analysts forecast that RH will post 4.39 earnings per share for the current fiscal 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.