Mutual of America Capital Management LLC Has $2.70 Million Stock Holdings in RH (NYSE:RH)

Mutual of America Capital Management LLC decreased its position in RH (NYSE:RH) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,077 shares of the company’s stock after selling 746 shares during the quarter. Mutual of America Capital Management LLC’s holdings in RH were worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RH. Blue Trust Inc. raised its holdings 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. Ridgewood Investments LLC bought a new position in shares of RH in the second quarter worth about $62,000. Ameliora Wealth Management Ltd. acquired a new position in shares of RH during the 3rd quarter worth about $110,000. KBC Group NV boosted its stake in RH by 25.8% during the 3rd quarter. KBC Group NV now owns 454 shares of the company’s stock valued at $152,000 after purchasing an additional 93 shares during the period. Finally, CWM LLC boosted its stake in RH by 47.2% during the 3rd quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after purchasing an additional 150 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Price Performance

Shares of NYSE:RH opened at $368.01 on Friday. The business’s fifty day moving average price is $332.62 and its two-hundred day moving average price is $285.96. RH has a fifty-two week low of $212.43 and a fifty-two week high of $370.96. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 216.50, a price-to-earnings-growth ratio of 1.95 and a beta of 2.43.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $3.93 EPS. Research analysts expect that RH will post 5.66 EPS for the current fiscal year.

Insider Transactions at RH

In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Wednesday, September 18th. The stock was 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. The trade was a 15.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stefan Duban sold 4,285 shares of the 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 in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last three months. 28.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RH has been the subject of a number of research analyst reports. Barclays cut their price target on RH from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. TD Cowen upped their target price on shares of RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Finally, Bank of America increased their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, RH currently has a consensus rating of “Hold” and a consensus price target of $326.14.

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.