ExodusPoint Capital Management LP Sells 11,930 Shares of RH (NYSE:RH)

ExodusPoint Capital Management LP trimmed its stake in RH (NYSE:RH) by 78.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other large investors have also recently bought and sold shares of RH. Quantinno Capital Management LP grew its position in RH by 58.4% in the third quarter. Quantinno Capital Management LP now owns 1,825 shares of the company’s stock valued at $610,000 after acquiring an additional 673 shares during the period. Wellington Management Group LLP grew its position in RH by 43.8% in the third quarter. Wellington Management Group LLP now owns 39,374 shares of the company’s stock valued at $13,168,000 after acquiring an additional 11,991 shares during the period. National Bank of Canada FI grew its position in RH by 2.4% in the third quarter. National Bank of Canada FI now owns 18,494 shares of the company’s stock valued at $6,185,000 after acquiring an additional 434 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in RH in the third quarter valued at $715,000. Finally, M&T Bank Corp grew its position in RH by 46.1% in the third quarter. M&T Bank Corp now owns 1,334 shares of the company’s stock valued at $446,000 after acquiring an additional 421 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares in the company, valued at approximately $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Insiders sold 55,880 shares of company stock worth $24,550,754 over the last ninety days. 28.10% of the stock is currently owned by corporate insiders.

RH Trading Up 27.4 %

NYSE RH opened at $190.25 on Thursday. The stock has a 50-day simple moving average of $286.67 and a 200 day simple moving average of $342.22. The company has a market capitalization of $3.56 billion, a PE ratio of 54.67, a P/E/G 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.

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

Analyst Upgrades and Downgrades

RH has been the topic of a number of recent analyst reports. Barclays reduced their price objective on RH from $515.00 to $436.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Morgan Stanley reduced their price objective on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Wedbush reduced their price objective on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Finally, Citigroup reissued a “neutral” rating and issued a $200.00 price objective (down previously from $437.00) on shares of RH in a research note on Thursday, April 3rd. 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. According to MarketBeat, RH has a consensus rating of “Hold” and a consensus price target of $283.94.

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.