Armistice Capital LLC Purchases 52,625 Shares of RH $RH

Key Points

• Armistice Capital LLC increased its shareholding in RH by 263.9% in Q1, acquiring an additional 52,625 shares and reaching a total of 72,566 shares valued at approximately $17 million.
• Institutional investors now own 90.17% of RH, indicating significant institutional interest, with several firms boosting or initiating stakes in the company.
• RH reported a quarterly earnings surprise with $0.13 earnings per share, beating analyst estimates while showing a 12% revenue growth compared to the same quarter the previous year.

Armistice Capital LLC lifted its position in shares of RH (NYSE:RH - Free Report) by 263.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 72,566 shares of the company's stock after acquiring an additional 52,625 shares during the quarter. Armistice Capital LLC owned approximately 0.39% of RH worth $17,010,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the period. AlphaQuest LLC bought a new position in RH in the 1st quarter worth about $29,000. GAMMA Investing LLC boosted its stake in RH by 146.1% in the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after purchasing an additional 111 shares during the period. NBC Securities Inc. bought a new position in RH in the 1st quarter worth about $45,000. Finally, Putney Financial Group LLC bought a new position in RH in the 4th quarter worth about $98,000. Institutional investors own 90.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird raised their target price on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and issued a $300.00 price target on shares of RH in a report on Wednesday, July 2nd. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and lowered their price target for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Finally, Wells Fargo & Company set a $275.00 price target on RH in a report on Friday, June 13th. 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $270.35.

RH Trading Down 1.7%

Shares of NYSE RH opened at $225.44 on Friday. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 53.68, a P/E/G ratio of 0.65 and a beta of 2.16. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The stock's 50-day moving average is $211.28 and its 200 day moving average is $217.62.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.20. The company had revenue of $813.95 million for 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 for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that RH will post 4.39 EPS for the current fiscal year.

RH Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.