Arizona State Retirement System Purchases 95 Shares of RH (NYSE:RH)

Arizona State Retirement System grew its position in RH (NYSE:RH) by 2.4% in the second quarter, HoldingsChannel.com reports. The fund owned 4,101 shares of the company’s stock after buying an additional 95 shares during the period. Arizona State Retirement System’s holdings in RH were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RH. Findell Capital Management LLC acquired a new stake in RH during the 4th quarter valued at $5,247,000. First Eagle Investment Management LLC raised its position in shares of RH by 247.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,732 shares of the company’s stock valued at $4,003,000 after purchasing an additional 9,780 shares during the period. First Hawaiian Bank lifted its stake in shares of RH by 116.2% during the 2nd quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after buying an additional 3,073 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of RH during the 1st quarter worth about $2,200,000. Finally, Artemis Investment Management LLP acquired a new position in RH in the 1st quarter valued at about $4,637,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RH. BNP Paribas upgraded RH to a “hold” rating in a report on Friday, June 14th. Stifel Nicolaus started coverage on RH in a research note on Tuesday, July 9th. They issued a “buy” rating and a $315.00 price target for the company. Robert W. Baird increased their price objective on RH from $275.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday. Wedbush lifted their target price on RH from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday. Finally, TD Cowen upped their price target on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $313.08.

RH Trading Up 25.5 %

NYSE RH opened at $321.87 on Friday. The firm’s 50 day simple moving average is $263.59 and its 200 day simple moving average is $266.32. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 89.16, a P/E/G ratio of 1.08 and a beta of 2.42. RH has a 1 year low of $207.26 and a 1 year high of $354.86.

RH (NYSE:RH) last issued its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a negative return on equity of 29.15% and a net margin of 2.72%. The firm had revenue of $829.66 million for the quarter, compared to the consensus estimate of $824.52 million. During the same quarter last year, the business posted $3.93 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that RH will post 7.29 earnings per share for the current year.

Insider Activity at RH

In other RH news, CEO Gary G. Friedman bought 34,200 shares of the stock in a transaction on Tuesday, June 25th. The stock was purchased at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at $717,941,545. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 28.10% of the stock is currently owned by insiders.

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.