33,325 Shares in RH $RH Bought by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC acquired 33,325 shares of RH, valued at approximately $7.81 million, increasing their ownership to 0.18% as per the latest SEC filing.
• Multiple hedge funds have continued to increase their stakes in RH, with significant increases from firms like Cambridge Investment Research Advisors Inc. and Deutsche Bank AG.
• Analysts are divided on RH's performance, with ten giving a "Buy" rating, while the average target price is set at $270.35, reflecting mixed expectations for the company's future.

Driehaus Capital Management LLC purchased a new stake in shares of RH (NYSE:RH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,325 shares of the company's stock, valued at approximately $7,812,000. Driehaus Capital Management LLC owned approximately 0.18% of RH as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in RH by 146.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company's stock valued at $934,000 after purchasing an additional 2,371 shares in the last quarter. Deutsche Bank AG raised its stake in RH by 607.9% during the fourth quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock valued at $3,725,000 after purchasing an additional 8,127 shares in the last quarter. Wellington Management Group LLP raised its stake in RH by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 44,880 shares of the company's stock valued at $17,664,000 after purchasing an additional 5,506 shares in the last quarter. Cetera Investment Advisers raised its stake in RH by 81.7% during the fourth quarter. Cetera Investment Advisers now owns 3,856 shares of the company's stock valued at $1,518,000 after purchasing an additional 1,734 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

RH has been the topic of a number of recent research reports. Guggenheim reaffirmed a "buy" rating and set a $300.00 price target on shares of RH in a research note on Wednesday, July 2nd. UBS Group reduced their target price on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday, June 5th. Telsey Advisory Group dropped their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. Robert W. Baird lifted their price target on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Finally, Bank of America lifted their price target on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, RH currently has a consensus rating of "Hold" and an average target price of $270.35.

RH Price Performance

RH stock opened at $225.44 on Friday. The company has a market capitalization of $4.22 billion, a PE ratio of 53.68, a P/E/G ratio of 0.65 and a beta of 2.16. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The firm's 50-day moving average is $211.28 and its 200 day moving average is $217.62.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.20. The company had revenue of $813.95 million for the quarter, compared to the consensus estimate of $817.66 million. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that RH will post 4.39 EPS for the current fiscal year.

About RH

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.

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