RH $RH Stock Position Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in RH (NYSE:RH) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,808 shares of the company’s stock after selling 500 shares during the period. New York State Teachers Retirement System’s holdings in RH were worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in RH by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company’s stock worth $330,509,000 after purchasing an additional 7,952 shares during the last quarter. Atreides Management LP grew its position in RH by 69.1% in the 1st quarter. Atreides Management LP now owns 473,321 shares of the company’s stock worth $110,951,000 after purchasing an additional 193,404 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in RH by 5.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company’s stock worth $61,757,000 after purchasing an additional 12,460 shares during the last quarter. Invesco Ltd. grew its position in RH by 38.2% in the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company’s stock worth $58,239,000 after purchasing an additional 68,629 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in RH by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company’s stock worth $44,736,000 after purchasing an additional 3,144 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the transaction, the director owned 24,616 shares in the company, valued at $5,812,576.08. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.00% of the company’s stock.

RH Stock Performance

Shares of NYSE:RH opened at $185.55 on Wednesday. The company has a market cap of $3.48 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 0.85 and a beta of 2.23. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a 50 day simple moving average of $214.49 and a 200 day simple moving average of $199.78.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 11th. The company reported $2.93 EPS for the quarter, missing the consensus estimate of $3.22 by ($0.29). The firm had revenue of $899.15 million during the quarter, compared to analysts’ expectations of $906.58 million. RH had a net margin of 3.20% and a negative return on equity of 113.58%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 EPS. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of RH from $200.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Stifel Nicolaus decreased their price objective on shares of RH from $390.00 to $320.00 and set a “buy” rating for the company in a report on Friday, September 12th. The Goldman Sachs Group cut shares of RH from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Zelman & Associates decreased their price objective on shares of RH from $305.00 to $251.00 and set an “outperform” rating for the company in a report on Wednesday, July 9th. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of RH in a report on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, RH currently has a consensus rating of “Hold” and a consensus target price of $259.29.

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.