ExodusPoint Capital Management LP Has $1.28 Million Position in RH (NYSE:RH)

ExodusPoint Capital Management LP reduced its position in shares of RH (NYSE:RH) by 78.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,245 shares of the company’s stock after selling 11,930 shares during the period. ExodusPoint Capital Management LP’s holdings in RH were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RH. Vanguard Group Inc. increased its stake in RH by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,402,010 shares of the company’s stock worth $551,817,000 after acquiring an additional 18,389 shares during the period. Alliancebernstein L.P. increased its stake in RH by 1,960.8% during the 4th quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after acquiring an additional 346,050 shares during the period. Charles Schwab Investment Management Inc. increased its stake in RH by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 187,699 shares of the company’s stock worth $73,876,000 after acquiring an additional 2,865 shares during the period. Norges Bank bought a new position in shares of RH in the 4th quarter valued at $54,314,000. Finally, Raymond James Financial Inc. bought a new position in shares of RH in the 4th quarter valued at $52,190,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Eri Chaya sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total value of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,880 shares of company stock valued at $24,550,754 in the last ninety days. 28.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RH. Loop Capital decreased their price target on RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Morgan Stanley decreased their price target on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Citigroup reiterated a “neutral” rating and issued a $200.00 price target (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. UBS Group decreased their price target on RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $283.94.

RH Trading Up 27.4 %

Shares of RH opened at $190.25 on Thursday. The company has a market capitalization of $3.56 billion, a PE ratio of 54.67, a PEG ratio of 2.65 and a beta of 2.44. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock’s 50-day moving average price is $286.67 and its two-hundred day moving average price is $342.22.

RH (NYSE:RH) last announced its 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). The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities research analysts predict that RH will post 4.39 EPS for the current fiscal year.

RH 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.