Oregon Public Employees Retirement Fund Sells 51 Shares of RH (NYSE:RH)

Oregon Public Employees Retirement Fund decreased its position in shares of RH (NYSE:RH) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,036 shares of the company’s stock after selling 51 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in RH were worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank raised its stake in RH by 2.7% during the fourth quarter. Amalgamated Bank now owns 7,244 shares of the company’s stock worth $2,851,000 after acquiring an additional 191 shares in the last quarter. IFP Advisors Inc raised its stake in RH by 4.8% during the fourth quarter. IFP Advisors Inc now owns 3,576 shares of the company’s stock worth $1,409,000 after acquiring an additional 164 shares in the last quarter. World Equity Group Inc. raised its stake in RH by 90.2% during the fourth quarter. World Equity Group Inc. now owns 1,946 shares of the company’s stock worth $766,000 after acquiring an additional 923 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new position in RH during the fourth quarter worth about $995,000. Finally, Prakash Investment Advisors LLC acquired a new position in RH during the fourth quarter worth about $512,000. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,880 shares of company stock worth $29,129,879. Corporate insiders own 28.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. BNP Paribas reissued an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $435.00 to $530.00 in a research note on Monday, January 13th. Loop Capital upped their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, StockNews.com downgraded RH from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $431.60.

RH Stock Performance

NYSE:RH opened at $321.31 on Friday. The company has a market capitalization of $5.98 billion, a PE ratio of 92.33, a P/E/G ratio of 2.65 and a beta of 2.42. The company has a 50 day simple moving average of $400.52 and a two-hundred day simple moving average of $353.33. RH has a fifty-two week low of $212.43 and a fifty-two week high of $457.26.

RH (NYSE:RH) last released its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) EPS. Research analysts predict that RH will post 4.39 EPS for the current year.

About RH

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.