BlackBarn Capital Partners LP Buys New Shares in RH $RH

Key Points

• BlackBarn Capital Partners LP purchased 30,000 shares of RH, valued at approximately $7,032,000, making it the firm's 15th biggest position in its investment portfolio.
• RH's recent quarterly earnings showed a profit of $0.13 per share, exceeding estimates, with revenue of $813.95 million, indicating a 12% increase compared to last year.
• Investment analysts have issued varied ratings for RH, with ten analysts rating it as a Buy, while the average consensus target price stands at $270.35.

BlackBarn Capital Partners LP bought a new position in shares of RH (NYSE:RH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,000 shares of the company's stock, valued at approximately $7,032,000. RH comprises about 0.4% of BlackBarn Capital Partners LP's investment portfolio, making the stock its 15th largest holding. BlackBarn Capital Partners LP owned approximately 0.16% of RH at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of RH by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock worth $330,509,000 after purchasing an additional 7,952 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in RH by 5.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock valued at $61,757,000 after acquiring an additional 12,460 shares during the period. Invesco Ltd. boosted its holdings in shares of RH by 38.2% in the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company's stock valued at $58,239,000 after acquiring an additional 68,629 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of RH by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company's stock worth $44,736,000 after acquiring an additional 3,144 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of RH by 225.8% during the first quarter. Victory Capital Management Inc. now owns 165,127 shares of the company's stock worth $38,707,000 after purchasing an additional 114,443 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company set a $275.00 target price on RH in a report on Friday, June 13th. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Telsey Advisory Group decreased their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. Bank of America upped their price objective on RH from $144.00 to $172.00 and gave the company an "underperform" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen raised RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, RH has a consensus rating of "Hold" and an average price target of $270.35.

RH Trading Up 3.3%

Shares of NYSE:RH traded up $7.30 during trading on Wednesday, hitting $228.49. 1,026,067 shares of the stock were exchanged, compared to its average volume of 1,309,624. The company has a market cap of $4.28 billion, a PE ratio of 54.40, a P/E/G ratio of 0.67 and a beta of 2.16. The company has a fifty day moving average price of $208.97 and a two-hundred day moving average price of $220.95. RH has a 12-month low of $123.03 and a 12-month high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to analysts' expectations of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.RH's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) earnings per share. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that RH will post 4.39 earnings per share 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.