Louisiana State Employees Retirement System Purchases Shares of 4,300 RH (NYSE:RH)

Louisiana State Employees Retirement System purchased a new stake in RH (NYSE:RH) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,300 shares of the company’s stock, valued at approximately $1,253,000.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in shares of RH by 120.3% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares during the last quarter. Core Wealth Advisors Inc. acquired a new position in shares of RH during the 3rd quarter valued at $51,000. Solstein Capital LLC acquired a new position in shares of RH during the 3rd quarter valued at $53,000. C M Bidwell & Associates Ltd. acquired a new position in shares of RH during the 3rd quarter valued at $96,000. Finally, CI Investments Inc. lifted its holdings in shares of RH by 1,696.2% during the 3rd quarter. CI Investments Inc. now owns 467 shares of the company’s stock valued at $123,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $288.99, for a total value of $288,990.00. Following the sale, the director now directly owns 11,991 shares in the company, valued at approximately $3,465,279.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Demilio sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total transaction of $288,990.00. Following the completion of the sale, the director now owns 11,991 shares in the company, valued at $3,465,279.09. The disclosure for this sale can be found here. Insiders own 23.90% of the company’s stock.

RH Stock Up 1.9 %

RH stock opened at $244.96 on Tuesday. The firm has a 50-day moving average price of $277.61 and a two-hundred day moving average price of $267.11. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 2.65 and a beta of 2.46. RH has a 52-week low of $207.26 and a 52-week high of $406.38.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99). The company had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. RH had a negative return on equity of 777.61% and a net margin of 4.21%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.88 earnings per share. Research analysts expect that RH will post 9.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

RH has been the topic of several recent research reports. Loop Capital lifted their target price on shares of RH from $260.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 1st. Oppenheimer reaffirmed a “market perform” rating on shares of RH in a research note on Monday, April 1st. Barclays boosted their target price on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $335.00 target price (up previously from $285.00) on shares of RH in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group boosted their target price on shares of RH from $201.00 to $264.00 and gave the stock a “sell” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus price target of $332.15.

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.