ExodusPoint Capital Management LP reduced its holdings in RH (NYSE:RH - Free Report) by 78.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,245 shares of the company's stock after selling 11,930 shares during the quarter. ExodusPoint Capital Management LP's holdings in RH were worth $1,277,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. LPL Financial LLC lifted its stake in RH by 61.3% in the fourth quarter. LPL Financial LLC now owns 9,141 shares of the company's stock valued at $3,598,000 after buying an additional 3,473 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of RH in the 3rd quarter worth about $4,268,000. Invst LLC bought a new stake in RH in the 3rd quarter valued at about $752,000. Victory Capital Management Inc. boosted its stake in RH by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,684 shares of the company's stock valued at $19,949,000 after purchasing an additional 445 shares during the period. Finally, L.M. Kohn & Company bought a new position in RH in the 4th quarter worth about $289,000. 90.17% of the stock is owned by institutional investors and hedge funds.
RH Trading Down 1.5 %
Shares of RH stock traded down $2.50 on Tuesday, reaching $161.28. 353,834 shares of the company were exchanged, compared to its average volume of 911,590. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 2.65 and a beta of 2.44. The stock has a fifty day moving average price of $272.33 and a 200-day moving average price of $338.60.
RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The company had revenue of $812.41 million for the quarter, compared to analyst estimates of $828.21 million. During the same quarter in the previous year, the firm posted $0.72 EPS. RH's quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CAO Christina Hargarten sold 5,280 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now directly owns 484 shares of the company's stock, valued at approximately $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eri Chaya sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,880 shares of company stock valued at $13,890,504. Company insiders own 28.10% of the company's stock.
Analysts Set New Price Targets
RH has been the subject of several analyst reports. Guggenheim reduced their price objective on RH from $500.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Citigroup reissued 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. Barclays cut their price objective on shares of RH from $515.00 to $436.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. UBS Group decreased their target price on shares of RH from $250.00 to $235.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group set a $276.00 target price on shares of RH in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, RH currently has an average rating of "Hold" and an average price target of $278.44.
View Our Latest Report on RH
About RH
(
Free Report)
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.
See Also
Before you consider RH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RH wasn't on the list.
While RH currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
