Public Employees Retirement System of Ohio Reduces Position in RH (NYSE:RH)

Public Employees Retirement System of Ohio reduced its holdings in RH (NYSE:RH) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,623 shares of the company’s stock after selling 249 shares during the period. Public Employees Retirement System of Ohio’s holdings in RH were worth $1,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RH. Nisa Investment Advisors LLC grew its holdings in RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock valued at $250,000 after buying an additional 35 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock valued at $572,000 after purchasing an additional 40 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of RH by 4.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after purchasing an additional 47 shares during the period. State of Alaska Department of Revenue increased its position in RH by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock worth $579,000 after purchasing an additional 60 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Guggenheim raised their price target on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup raised their target price on RH from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Telsey Advisory Group lifted their target price on RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Morgan Stanley increased their price target on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $391.07.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.10% of the stock is owned by corporate insiders.

RH Stock Down 3.7 %

NYSE:RH opened at $396.39 on Thursday. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a fifty day simple moving average of $352.97 and a two-hundred day simple moving average of $300.92. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 113.91, a price-to-earnings-growth ratio of 2.73 and a beta of 2.44.

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 company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 32.76% and a net margin of 2.25%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.42) earnings per share. On average, analysts expect that RH will post 5.63 EPS for the current 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.