American Century Companies Inc. Has $23.75 Million Stake in RH $RH

Key Points

• American Century Companies Inc. reduced its stake in RH by 4.2%, owning 101,311 shares worth approximately $23.75 million as of the latest SEC filing.
• Several institutional investors initiated new positions in RH during the first quarter, with the majority ownership by institutional investors now at 90.17%.
• Equities analysts have diverse opinions on RH's performance, with target prices ranging from $179 to $270.35 and a general average rating of "Hold".

American Century Companies Inc. cut its position in RH (NYSE:RH - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,311 shares of the company's stock after selling 4,390 shares during the period. American Century Companies Inc. owned about 0.54% of RH worth $23,748,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RH. Fox Run Management L.L.C. acquired a new stake in shares of RH during the first quarter worth $843,000. Boston Partners acquired a new stake in shares of RH during the first quarter worth $1,068,000. Nuveen LLC acquired a new stake in shares of RH during the first quarter worth $6,323,000. Aveo Capital Partners LLC acquired a new stake in shares of RH during the first quarter worth $1,415,000. Finally, Entropy Technologies LP acquired a new stake in shares of RH during the first quarter worth $328,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Up 4.4%

Shares of RH traded up $9.74 during midday trading on Wednesday, reaching $230.93. The stock had a trading volume of 689,161 shares, compared to its average volume of 1,307,408. The firm has a 50 day simple moving average of $208.97 and a 200-day simple moving average of $220.95. RH has a one year low of $123.03 and a one year high of $457.26. The firm has a market cap of $4.33 billion, a PE ratio of 55.00, a P/E/G ratio of 0.67 and a beta of 2.16.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RH shares. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of RH in a report on Wednesday, July 2nd. 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 report on Tuesday, June 24th. Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wells Fargo & Company set a $275.00 target price on shares of RH in a research report on Friday, June 13th. Finally, Zelman & Associates decreased their target price on shares of RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research report on Wednesday, July 9th. Ten equities 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $270.35.

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.