RH (NYSE:RH) Holdings Decreased by State Street Corp

State Street Corp reduced its stake in shares of RH (NYSE:RH - Free Report) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,957 shares of the company's stock after selling 4,422 shares during the period. State Street Corp owned 2.46% of RH worth $151,482,000 as of its most recent SEC filing.

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

RH Trading Up 17.0 %

NYSE:RH traded up $64.66 during mid-day trading on Friday, hitting $446.04. The company had a trading volume of 3,056,518 shares, compared to its average volume of 723,773. The business has a fifty day simple moving average of $347.81 and a 200-day simple moving average of $297.56. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 262.38, a PEG ratio of 2.44 and a beta of 2.44. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.19). The company had revenue of $811.73 million during the quarter, compared to analyst estimates of $812.19 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.42) EPS. As a group, research analysts anticipate that RH will post 5.63 earnings per share for the current year.

Insider Activity

In other news, insider Stefan Duban sold 4,285 shares of RH 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now directly owns 10,914 shares of the company's stock, valued at $3,714,034.20. This represents a 15.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock worth $2,871,935 over the last 90 days. Company insiders own 28.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BNP Paribas reissued an "underperform" rating and set a $253.00 price target on shares of RH in a research note on Wednesday, November 13th. Telsey Advisory Group increased their target price on RH from $290.00 to $330.00 and gave the stock a "market perform" rating in a research report on Monday, December 9th. Stifel Nicolaus restated a "buy" rating and issued a $420.00 price target (up previously from $375.00) on shares of RH in a report on Monday, December 9th. TD Cowen increased their price objective on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Finally, Bank of America raised their target price on shares of RH from $310.00 to $359.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $377.07.

RH 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.