Atreides Management LP Raises Position in RH $RH

Key Points

• Atreides Management LP has significantly increased its stake in RH by 69.1%, now holding 473,321 shares valued at approximately $110.95 million, making RH its 11th largest investment.
• In the latest quarter, RH reported earnings of $0.13 per share, outperforming analyst estimates, with a year-over-year revenue increase of 12.0%.
• Currently, analyst ratings for RH show 10 "Buy" ratings, 4 "Hold" ratings, and 3 "Sell" ratings, with a consensus price target of $270.35.

Atreides Management LP grew its stake in shares of RH (NYSE:RH - Free Report) by 69.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 473,321 shares of the company's stock after purchasing an additional 193,404 shares during the period. RH makes up 3.4% of Atreides Management LP's investment portfolio, making the stock its 11th biggest holding. Atreides Management LP owned about 2.53% of RH worth $110,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after acquiring an additional 69 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of RH during the first quarter worth about $29,000. GAMMA Investing LLC increased its position in shares of RH by 146.1% during the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after acquiring an additional 111 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of RH during the first quarter worth about $45,000. Finally, Putney Financial Group LLC bought a new stake in shares of RH during the fourth quarter worth about $98,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Up 6.7%

RH traded up $15.74 on Friday, hitting $250.98. The company's stock had a trading volume of 1,656,081 shares, compared to its average volume of 970,210. The company's 50 day simple moving average is $215.53 and its 200-day simple moving average is $213.51. The firm has a market cap of $4.70 billion, a P/E ratio of 59.76, a price-to-earnings-growth ratio of 0.68 and a beta of 2.15. RH has a 12 month low of $123.03 and a 12 month high of $457.26.

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

Wall Street Analyst Weigh In

RH has been the subject of several recent research reports. 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. Robert W. Baird upped their price objective on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Guggenheim reaffirmed a "buy" rating and issued a $300.00 price objective on shares of RH in a research report on Wednesday, July 2nd. Citigroup upped 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. Finally, Telsey Advisory Group reduced their price objective on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $272.29.

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.