Allspring Global Investments Holdings LLC Trims Position in RH $RH

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in RH by 3.6% during Q2, now holding 1.33% of the company valued at approximately $49.5 million.
• Several institutional investors, including Cambridge Investment Research Advisors and SWS Partners, increased their positions in RH significantly during the first quarter.
• RH reported a missed EPS estimate of $2.93, falling short of the $3.22 consensus, alongside an 8.4% increase in revenue year over year.

Allspring Global Investments Holdings LLC decreased its position in shares of RH (NYSE:RH - Free Report) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 249,025 shares of the company's stock after selling 9,306 shares during the period. Allspring Global Investments Holdings LLC owned 1.33% of RH worth $49,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in RH by 146.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company's stock worth $934,000 after purchasing an additional 2,371 shares during the last quarter. Intech Investment Management LLC increased its position in shares of RH by 29.0% in the first quarter. Intech Investment Management LLC now owns 9,790 shares of the company's stock worth $2,295,000 after acquiring an additional 2,198 shares in the last quarter. SWS Partners increased its position in shares of RH by 37.7% in the second quarter. SWS Partners now owns 18,059 shares of the company's stock worth $3,413,000 after acquiring an additional 4,947 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of RH in the first quarter worth $9,575,000. Finally, Nixon Capital LLC increased its position in shares of RH by 7.8% in the first quarter. Nixon Capital LLC now owns 27,529 shares of the company's stock worth $6,453,000 after acquiring an additional 1,999 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the transaction, the director directly owned 24,616 shares in the company, valued at $5,812,576.08. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.00% of the stock is owned by company insiders.

RH Trading Up 1.0%

RH opened at $183.40 on Wednesday. The company has a fifty day simple moving average of $218.49 and a 200 day simple moving average of $200.65. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 0.86 and a beta of 2.23. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The company reported $2.93 EPS for the quarter, missing analysts' consensus estimates of $3.22 by ($0.29). RH had a net margin of 3.20% and a negative return on equity of 113.58%. The company had revenue of $899.15 million for the quarter, compared to the consensus estimate of $906.58 million. During the same quarter last year, the company earned $1.69 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RH. The Goldman Sachs Group lowered shares of RH from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $199.00 to $179.00 in a research report on Tuesday, June 24th. Zacks Research lowered shares of RH from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 16th. Citigroup increased their price objective on shares of RH from $200.00 to $233.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company raised their price target on shares of RH from $275.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Finally, William Blair lowered shares of RH from an "outperform" rating to a "market perform" rating in a report on Thursday, October 2nd. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $259.29.

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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