RH (NYSE:RH) Shares Sold by State of Wyoming

State of Wyoming lowered its position in RH (NYSE:RH) by 32.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,407 shares of the company’s stock after selling 689 shares during the quarter. State of Wyoming’s holdings in RH were worth $554,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after buying an additional 39 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of RH in the 4th quarter valued at about $68,000. Pingora Partners LLC acquired a new stake in shares of RH in the 4th quarter valued at about $79,000. Finally, Spire Wealth Management bought a new stake in shares of RH during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

Shares of NYSE:RH opened at $209.49 on Monday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 60.20, a PEG ratio of 2.65 and a beta of 2.36. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a 50 day moving average price of $198.31 and a 200 day moving average price of $314.44.

RH (NYSE:RH) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter last year, the company posted $0.72 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that RH will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RH. Loop Capital lowered their price objective on shares of RH from $450.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Barclays decreased their target price on shares of RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley decreased their target price on shares of RH from $530.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Bank of America upped their target price on shares of RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus decreased their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating for the company in a report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, RH currently has an average rating of “Hold” and a consensus target price of $275.94.

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.