Oregon Public Employees Retirement Fund Sells 51 Shares of RH (NYSE:RH)

Oregon Public Employees Retirement Fund lowered its stake in RH (NYSE:RH) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,036 shares of the company’s stock after selling 51 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in RH were worth $1,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of RH in the third quarter valued at approximately $4,268,000. Lisanti Capital Growth LLC acquired a new stake in shares of RH in the third quarter valued at approximately $3,251,000. Invst LLC acquired a new stake in shares of RH in the third quarter valued at approximately $752,000. Cerity Partners LLC raised its holdings in shares of RH by 139.7% in the third quarter. Cerity Partners LLC now owns 2,584 shares of the company’s stock valued at $864,000 after purchasing an additional 1,506 shares during the last quarter. Finally, L.M. Kohn & Company acquired a new stake in shares of RH in the fourth quarter valued at approximately $289,000. Institutional investors own 90.17% of the company’s stock.

Insider Activity

In other news, Director Keith Belling sold 500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now owns 5,470 shares of the company’s stock, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $426.41, for a total transaction of $10,660,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is owned by company insiders.

RH Price Performance

RH stock opened at $321.31 on Friday. The company has a fifty day moving average price of $400.52 and a two-hundred day moving average price of $353.33. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 92.33, a price-to-earnings-growth 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.

RH (NYSE:RH) last announced its 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). The business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.42) EPS. Research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RH. Loop Capital boosted their target price on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of RH in a report on Tuesday, February 18th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $485.00 to $500.00 in a report on Thursday, December 19th. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.60.

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.