RH (NYSE:RH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in RH (NYSE:RH - Free Report) by 73.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,932 shares of the company's stock after selling 21,751 shares during the period. New York State Common Retirement Fund's holdings in RH were worth $1,859,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Xponance Inc. raised its stake in shares of RH by 4.0% during the 1st quarter. Xponance Inc. now owns 2,067 shares of the company's stock valued at $485,000 after purchasing an additional 80 shares during the period. State of Michigan Retirement System raised its stake in shares of RH by 2.8% during the 1st quarter. State of Michigan Retirement System now owns 3,615 shares of the company's stock valued at $847,000 after purchasing an additional 100 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of RH by 7.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,325 shares of the company's stock valued at $1,248,000 after purchasing an additional 367 shares during the period. Principal Financial Group Inc. raised its stake in shares of RH by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 34,757 shares of the company's stock valued at $8,147,000 after purchasing an additional 354 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of RH during the 1st quarter valued at $510,000. 90.17% of the stock is currently owned by institutional investors.

RH Trading Up 0.7%

Shares of RH traded up $1.49 during midday trading on Friday, hitting $214.23. 748,855 shares of the company's stock traded hands, compared to its average volume of 1,348,876. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The firm's fifty day moving average is $192.81 and its 200-day moving average is $254.00. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 51.01, a price-to-earnings-growth ratio of 0.64 and a beta of 2.17.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.20. The company had revenue of $813.95 million for the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) EPS. On average, equities research analysts anticipate that RH will post 4.39 EPS for the current year.

Analysts Set New Price Targets

RH has been the topic of a number of research analyst reports. Loop Capital decreased their target price on RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Citigroup reiterated a "neutral" rating and issued a $200.00 price objective (down from $437.00) on shares of RH in a report on Thursday, April 3rd. Zelman & Associates cut their price objective on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, July 9th. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $275.00 target price on RH in a report on Friday, June 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $270.35.

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.