RH (NYSE:RH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of RH (NYSE:RH) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,575 shares of the company’s stock after selling 496 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of RH worth $2,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RH. FMR LLC raised its position in RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock valued at $566,636,000 after acquiring an additional 221,858 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RH by 5.6% in the third quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock valued at $457,623,000 after buying an additional 98,713 shares in the last quarter. Atreides Management LP increased its position in shares of RH by 0.3% in the third quarter. Atreides Management LP now owns 1,059,872 shares of the company’s stock valued at $280,188,000 after buying an additional 3,375 shares in the last quarter. Durable Capital Partners LP increased its position in shares of RH by 2.6% in the first quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock valued at $220,960,000 after buying an additional 17,196 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of RH by 145.6% in the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock valued at $158,864,000 after buying an additional 352,456 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

NYSE RH opened at $245.07 on Friday. The stock’s fifty day moving average is $278.70 and its two-hundred day moving average is $267.40. The firm has a market capitalization of $4.49 billion, a P/E ratio of 44.00, a price-to-earnings-growth ratio of 2.68 and a beta of 2.46. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

RH (NYSE:RH) last released its quarterly earnings data 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 for 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 business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $2.88 EPS. As a group, sell-side analysts forecast that RH will post 9.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RH. Wedbush boosted their price objective on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. The Goldman Sachs Group boosted their price objective on RH from $201.00 to $264.00 and gave the company a “sell” rating in a research report on Monday, April 1st. Barclays boosted their price objective on RH from $293.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Robert W. Baird boosted their price objective on RH from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Oppenheimer reiterated a “market perform” rating on shares of RH in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, RH presently has an average rating of “Hold” and an average price target of $332.15.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Mark S. Demilio sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $288.99, for a total value of $288,990.00. Following the transaction, the director now owns 11,991 shares of the company’s stock, valued at approximately $3,465,279.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 12,991 shares in the company, valued at approximately $4,004,086.02. The disclosure for this sale can be found here. 23.90% 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.