California State Teachers Retirement System Has $2.84 Million Stock Position in RH $RH

Key Points

• California State Teachers Retirement System trimmed its RH stake by 1.4% to 17,211 shares valued at approximately $2.84 million. Institutional investors collectively own 90.17% of the company.
• Analyst sentiment remains mixed, with seven Buy, ten Hold and three Sell ratings. RH has an average rating of Hold and an average price target of $165.57.
• RH reported quarterly EPS of $2.70, beating estimates of $0.38, while revenue rose 2.6% year over year to $922.15 million. The stock recently traded at $126.78, well below its 12-month high of $248.44.

California State Teachers Retirement System trimmed its stake in RH (NYSE:RH - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,211 shares of the company's stock after selling 249 shares during the period. California State Teachers Retirement System owned approximately 0.09% of RH worth $2,835,168 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in RH by 41.7% during the 2nd quarter. BlackRock Inc. now owns 1,978,271 shares of the company's stock worth $325,881,000 after buying an additional 581,710 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new stake in RH in the 4th quarter valued at approximately $28,865,000. Norges Bank acquired a new position in RH during the fourth quarter valued at approximately $28,092,000. Bank of America Corp DE raised its stake in RH by 166.5% during the first quarter. Bank of America Corp DE now owns 238,681 shares of the company's stock valued at $33,372,000 after buying an additional 149,127 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in RH in the 1st quarter valued at about $13,954,000. Institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RH shares. KeyCorp reissued a "sector weight" rating on shares of RH in a research note on Friday, June 12th. Stifel Nicolaus upped their price objective on shares of RH from $110.00 to $130.00 and gave the stock a "hold" rating in a report on Friday, June 12th. Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a report on Saturday. Telsey Advisory Group upped their target price on shares of RH from $140.00 to $155.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Wells Fargo & Company reduced their price target on RH from $225.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, RH has an average rating of "Hold" and an average price target of $165.57.

Insider Activity at RH

In other news, CEO Gary G. Friedman sold 69,069 shares of the firm's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $169.48, for a total value of $11,705,814.12. Following the sale, the chief executive officer directly owned 3,282,268 shares in the company, valued at approximately $556,278,780.64. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlos Alberini purchased 11,388 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average price of $160.90 per share, for a total transaction of $1,832,329.20. Following the completion of the transaction, the director directly owned 32,190 shares of the company's stock, valued at $5,179,371. The trade was a 54.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 130,547 shares of company stock valued at $21,526,512. Insiders own 26.90% of the company's stock.

RH Price Performance

NYSE RH traded down $7.38 on Tuesday, reaching $126.78. 572,883 shares of the stock traded hands, compared to its average volume of 1,032,742. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 26.57. RH has a 12 month low of $106.30 and a 12 month high of $248.44. The firm's fifty day simple moving average is $165.63 and its 200 day simple moving average is $149.42. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 3.19 and a beta of 1.85.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $2.32. RH had a return on equity of 132.79% and a net margin of 3.23%.The company had revenue of $922.15 million for the quarter, compared to analyst estimates of $915.09 million. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The business's revenue was up 2.6% on a year-over-year basis. As a group, research analysts predict that RH will post 4.2 EPS for the current fiscal year.

RH Company Profile

RH, formerly known as Restoration Hardware, is a luxury home-furnishings company that offers products for residential and hospitality interiors. Its collections include furniture, lighting, textiles, rugs, bath and hardware, outdoor furnishings, and decorative accessories across a range of design categories.

The company sells through a network of RH Galleries, outlet locations, source books and its digital platforms. Its galleries are designed as immersive retail spaces that showcase coordinated room settings and related collections.

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