Retirement Systems of Alabama Sells 3,719 Shares of RH (NYSE:RH)

Retirement Systems of Alabama decreased its position in shares of RH (NYSE:RHFree Report) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,692 shares of the company’s stock after selling 3,719 shares during the period. Retirement Systems of Alabama owned 0.17% of RH worth $8,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RH. Versor Investments LP bought a new stake in shares of RH during the third quarter valued at approximately $397,000. Victory Capital Management Inc. raised its position in shares of RH by 2,139.9% during the third quarter. Victory Capital Management Inc. now owns 75,014 shares of the company’s stock valued at $19,831,000 after buying an additional 71,665 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of RH during the third quarter valued at approximately $407,000. D.B. Root & Company LLC raised its position in shares of RH by 14.1% during the third quarter. D.B. Root & Company LLC now owns 7,961 shares of the company’s stock valued at $2,105,000 after buying an additional 985 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in shares of RH during the third quarter valued at approximately $1,380,000. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In other news, CFO Jack M. Preston sold 33,399 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $312.09, for a total transaction of $10,423,493.91. Following the completion of the sale, the chief financial officer now directly owns 1 shares of the company’s stock, valued at $312.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jack M. Preston sold 33,399 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $312.09, for a total value of $10,423,493.91. Following the completion of the sale, the chief financial officer now directly owns 1 shares of the company’s stock, valued at $312.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $305.57, for a total transaction of $152,785.00. Following the completion of the sale, the director now directly owns 5,423 shares of the company’s stock, valued at $1,657,106.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,523 shares of company stock valued at $25,770,327. 23.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RH has been the topic of several research reports. TD Cowen reduced their price target on shares of RH from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, December 8th. Bank of America reduced their price target on shares of RH from $345.00 to $309.00 and set a “buy” rating on the stock in a research report on Friday, December 8th. Telsey Advisory Group reduced their price target on shares of RH from $365.00 to $325.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 5th. Morgan Stanley reduced their price target on shares of RH from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, December 8th. Finally, Wells Fargo & Company reduced their price target on shares of RH from $375.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $313.00.

Get Our Latest Stock Analysis on RH

RH Trading Down 3.7 %

RH stock opened at $253.48 on Thursday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 3.90 and a beta of 2.42. RH has a twelve month low of $207.26 and a twelve month high of $406.38. The company has a quick ratio of 0.61, a current ratio of 1.38 and a debt-to-equity ratio of 3.70. The firm’s fifty day simple moving average is $277.59 and its two-hundred day simple moving average is $296.23.

RH (NYSE:RHGet Free Report) last issued its earnings results on Thursday, December 7th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($1.36). The company had revenue of $751.00 million for the quarter, compared to analysts’ expectations of $756.96 million. RH had a net margin of 7.28% and a return on equity of 81.84%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.67 earnings per share. As a group, analysts anticipate that RH will post 8.02 earnings per share for the current year.

RH Profile

(Free Report)

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, d├ęcor, outdoor and garden, and child and teen furnishings.

See Also

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Institutional Ownership by Quarter for RH (NYSE:RH)

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