Cinctive Capital Management LP Reduces Position in RH (NYSE:RH)

Cinctive Capital Management LP decreased its position in shares of RH (NYSE:RH) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,793 shares of the company’s stock after selling 441 shares during the quarter. Cinctive Capital Management LP’s holdings in RH were worth $4,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diametric Capital LP purchased a new stake in RH in the 4th quarter valued at $1,092,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of RH in the fourth quarter valued at about $2,865,000. Alliancebernstein L.P. boosted its stake in shares of RH by 1,960.8% during the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after buying an additional 346,050 shares during the period. Wellington Management Group LLP grew its holdings in shares of RH by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 44,880 shares of the company’s stock worth $17,664,000 after buying an additional 5,506 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in RH in the 4th quarter valued at about $211,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Performance

RH opened at $249.28 on Thursday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 71.63, a PEG ratio of 2.65 and a beta of 2.50. RH has a one year low of $179.93 and a one year high of $457.26. The business’s fifty day moving average is $323.21 and its two-hundred day moving average is $350.91.

RH (NYSE:RH) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 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 business had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. RH’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that RH will post 4.39 EPS for the current fiscal year.

Analyst Ratings Changes

RH has been the topic of several analyst reports. Telsey Advisory Group lowered their target price on RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Wedbush lowered their price objective on shares of RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 26th. Loop Capital boosted their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Morgan Stanley raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Citigroup dropped their price target on shares of RH from $556.00 to $437.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, RH currently has a consensus rating of “Moderate Buy” and an average price target of $400.13.

Insider Activity

In other RH news, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,380 shares of company stock worth $28,922,379 over the last ninety days. 28.10% of the stock is currently owned by insiders.

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.