New York State Common Retirement Fund Has $15.81 Million Stock Holdings in RH (NYSE:RH)

New York State Common Retirement Fund lifted its holdings in shares of RH (NYSE:RH - Free Report) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,279 shares of the company's stock after purchasing an additional 7,800 shares during the period. New York State Common Retirement Fund owned about 0.26% of RH worth $15,812,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RH. Anomaly Capital Management LP lifted its position in RH by 503.6% during the second quarter. Anomaly Capital Management LP now owns 349,227 shares of the company's stock worth $85,365,000 after buying an additional 291,368 shares during the period. Marshall Wace LLP boosted its holdings in shares of RH by 58.6% in the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company's stock valued at $42,612,000 after purchasing an additional 64,423 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock valued at $231,728,000 after buying an additional 62,198 shares during the period. Victory Capital Management Inc. increased its holdings in shares of RH by 77.0% during the 2nd quarter. Victory Capital Management Inc. now owns 128,711 shares of the company's stock worth $31,462,000 after buying an additional 55,999 shares during the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of RH by 128.3% in the 1st quarter. Bamco Inc. NY now owns 94,998 shares of the company's stock worth $33,084,000 after purchasing an additional 53,395 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RH

In other 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 document filed with the Securities & Exchange Commission, which is available through this link. In other RH news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward T. Lee sold 2,000 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is owned by insiders.

RH Stock Down 2.6 %

Shares of RH stock traded down $8.61 during trading on Wednesday, hitting $323.62. The stock had a trading volume of 1,310,603 shares, compared to its average volume of 725,061. RH has a 1 year low of $212.43 and a 1 year high of $367.00. The stock has a 50 day simple moving average of $313.14 and a 200 day simple moving average of $279.38. The company has a market capitalization of $5.97 billion, a PE ratio of 180.92, a P/E/G ratio of 1.86 and a beta of 2.43.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analyst estimates of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 earnings per share. As a group, equities analysts expect that RH will post 5.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RH. Wells Fargo & Company upped their target price on shares of RH from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Loop Capital boosted their price objective on RH from $230.00 to $320.00 and gave the stock a "hold" rating in a research report on Monday, September 16th. TD Cowen raised their target price on RH from $325.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Robert W. Baird boosted their price target on RH from $275.00 to $290.00 and gave the stock a "neutral" rating in a research report on Friday, September 13th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $290.00 price objective on shares of RH in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $331.77.

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.