The Manufacturers Life Insurance Company lessened its holdings in RH (NYSE:RH) by 3.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,345 shares of the company’s stock after selling 610 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of RH worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. California Public Employees Retirement System grew its position in shares of RH by 2.2% during the 4th quarter. California Public Employees Retirement System now owns 72,921 shares of the company’s stock worth $6,287,000 after buying an additional 1,562 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of RH by 51.2% during the 4th quarter. Engineers Gate Manager LP now owns 63,541 shares of the company’s stock worth $5,478,000 after buying an additional 21,517 shares in the last quarter. Swiss National Bank grew its position in shares of RH by 1.7% during the 4th quarter. Swiss National Bank now owns 53,630 shares of the company’s stock worth $4,623,000 after buying an additional 900 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of RH during the 4th quarter worth $948,000. Finally, Teacher Retirement System of Texas bought a new position in shares of RH during the 4th quarter worth $918,000.
A number of equities analysts have recently issued reports on RH shares. UBS raised RH from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 14th. Loop Capital upgraded RH from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Thursday, January 11th. Telsey Advisory Group decreased their price objective on RH from $118.00 to $100.00 and set a “market perform” rating for the company in a research note on Wednesday, March 28th. Deutsche Bank decreased their price objective on RH from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, March 28th. Finally, Piper Jaffray restated a “hold” rating and set a $103.00 price objective on shares of RH in a research note on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $87.05.
In related news, insider Karen Boone sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $95.54, for a total transaction of $2,388,500.00. Following the sale, the insider now directly owns 34,306 shares of the company’s stock, valued at $3,277,595.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 11,100 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $95.46, for a total value of $1,059,606.00. Following the sale, the director now directly owns 9,766 shares in the company, valued at $932,262.36. The disclosure for this sale can be found here. Company insiders own 18.80% of the company’s stock.
RH stock traded down $2.30 during midday trading on Friday, reaching $88.89. The company’s stock had a trading volume of 1,495,116 shares, compared to its average volume of 1,280,183. RH has a 52-week low of $41.52 and a 52-week high of $109.53. The stock has a market cap of $1,894.25, a PE ratio of 29.14, a price-to-earnings-growth ratio of 0.70 and a beta of 1.73. The company has a debt-to-equity ratio of -148.64, a quick ratio of 0.23 and a current ratio of 1.24.
RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, March 27th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a return on equity of 65.66% and a net margin of 0.09%. The firm had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $672.39 million. During the same period last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. sell-side analysts predict that RH will post 5.76 EPS for the current fiscal year.
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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, tableware, and child and teen furnishings. It provides its products through its retail galleries and Source Books, as well as online through rh.com, rhmodern.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and waterworks.com Websites.
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