Principal Financial Group Inc. Sells 16,627 Shares of RH (NYSE:RH)

Principal Financial Group Inc. trimmed its stake in RH (NYSE:RH - Free Report) by 32.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,680 shares of the company's stock after selling 16,627 shares during the period. Principal Financial Group Inc. owned 0.19% of RH worth $11,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp boosted its holdings in RH by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company's stock valued at $4,098,000 after acquiring an additional 3,387 shares during the period. First Hawaiian Bank boosted its stake in RH by 116.2% during the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company's stock valued at $1,398,000 after purchasing an additional 3,073 shares during the period. Tidal Investments LLC grew its holdings in RH by 1,304.4% in the 1st quarter. Tidal Investments LLC now owns 14,227 shares of the company's stock valued at $4,955,000 after buying an additional 13,214 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in RH by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company's stock worth $231,728,000 after buying an additional 62,198 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of RH by 68.7% during the first quarter. Lazard Asset Management LLC now owns 13,660 shares of the company's stock worth $4,757,000 after buying an additional 5,565 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RH shares. StockNews.com upgraded shares of RH to a "sell" rating in a research note on Thursday, September 19th. Wells Fargo & Company lifted their price objective on RH from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Wedbush upgraded RH from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Citigroup boosted their price target on shares of RH from $340.00 to $355.00 and gave the company a "buy" rating in a report on Friday, September 13th. Finally, Robert W. Baird increased their price objective on shares of RH from $275.00 to $290.00 and gave the company a "neutral" rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $326.14.

RH Stock Up 1.0 %

RH traded up $3.16 during trading on Monday, hitting $318.86. The company's stock had a trading volume of 376,711 shares, compared to its average volume of 717,638. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 186.15, a price-to-earnings-growth ratio of 1.78 and a beta of 2.43. The firm's 50 day moving average price is $325.01 and its two-hundred day moving average price is $283.83. RH has a 12 month low of $212.43 and a 12 month high of $367.00.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. 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 net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the prior year, the company earned $3.93 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts forecast that RH will post 5.65 earnings per share for the current year.

Insiders Place Their Bets

In other RH news, insider Stefan Duban sold 4,285 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 78 shares of the company's stock, valued at approximately $27,016.86. The trade was a 98.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by corporate insiders.

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.