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New York State Common Retirement Fund Raises Stock Position in RH (NYSE:RH)

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New York State Common Retirement Fund lifted its stake in shares of RH (NYSE:RH) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 38,628 shares of the company’s stock after acquiring an additional 376 shares during the quarter. New York State Common Retirement Fund’s holdings in RH were worth $25,761,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RH. KB Financial Partners LLC purchased a new stake in RH in the 2nd quarter valued at $29,000. Danda Trouve Investment Management Inc. purchased a new position in RH during the 3rd quarter worth $37,000. Manchester Capital Management LLC purchased a new position in RH during the 2nd quarter worth $48,000. Fifth Third Bancorp raised its position in RH by 44.2% during the 3rd quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock worth $50,000 after buying an additional 23 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in RH during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

A number of equities analysts have commented on RH shares. UBS Group upped their price objective on shares of RH from $660.00 to $700.00 and gave the stock a “neutral” rating in a research report on Thursday, September 9th. Zacks Investment Research downgraded shares of RH from a “buy” rating to a “hold” rating and set a $685.00 price objective for the company. in a research report on Wednesday, November 10th. Wells Fargo & Company upped their price objective on shares of RH from $725.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday, September 9th. Robert W. Baird upped their price target on shares of RH from $650.00 to $710.00 and gave the stock a “neutral” rating in a research note on Thursday, September 9th. Finally, Telsey Advisory Group upped their price target on shares of RH from $725.00 to $770.00 and gave the stock an “outperform” rating in a research note on Thursday, September 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $719.73.

Shares of NYSE RH opened at $528.99 on Wednesday. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.11 and a beta of 2.33. The company has a current ratio of 2.75, a quick ratio of 2.17 and a debt-to-equity ratio of 2.73. The company’s 50-day moving average price is $609.50 and its 200 day moving average price is $655.70. RH has a 52 week low of $411.88 and a 52 week high of $744.56.

RH (NYSE:RH) last released its earnings results on Wednesday, December 8th. The company reported $7.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.68 by $0.35. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $981.82 million. RH had a net margin of 18.31% and a return on equity of 104.49%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.20 EPS. As a group, research analysts expect that RH will post 26.04 earnings per share for the current year.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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