Comerica Bank Buys 2,753 Shares of RH $RH

Key Points

• Comerica Bank raised its stake in RH shares by 59.6% during the 1st quarter, now holding 7,376 shares valued at approximately $1.73 million.
• Several institutional investors have increased their positions in RH, with Cetera Investment Advisers leading with an 81.7% increase in stake during the 4th quarter.
• Research firms are divided on RH's stock performance, with Guggenheim issuing a "buy" rating at a target price of $300.00, while Goldman Sachs downgraded it from "neutral" to "sell."

Comerica Bank raised its stake in shares of RH (NYSE:RH - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,376 shares of the company's stock after purchasing an additional 2,753 shares during the quarter. Comerica Bank's holdings in RH were worth $1,729,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RH. Stifel Financial Corp increased its holdings in shares of RH by 37.2% during the 4th quarter. Stifel Financial Corp now owns 2,083 shares of the company's stock worth $820,000 after purchasing an additional 565 shares during the period. Northern Trust Corp increased its holdings in shares of RH by 35.8% during the 4th quarter. Northern Trust Corp now owns 136,810 shares of the company's stock worth $53,847,000 after purchasing an additional 36,084 shares during the period. Algert Global LLC bought a new position in shares of RH during the 4th quarter worth about $1,098,000. Brevan Howard Capital Management LP increased its stake in RH by 49.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,696 shares of the company's stock valued at $2,635,000 after acquiring an additional 2,214 shares during the period. Finally, Cetera Investment Advisers increased its stake in RH by 81.7% in the fourth quarter. Cetera Investment Advisers now owns 3,856 shares of the company's stock valued at $1,518,000 after acquiring an additional 1,734 shares during the period. Institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RH. Guggenheim reissued a "buy" rating and issued a $300.00 target price on shares of RH in a research note on Wednesday, July 2nd. The Goldman Sachs Group cut shares of RH from a "neutral" rating to a "sell" rating and lowered their target price for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Zelman & Associates lowered their target price on shares of RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company set a $275.00 price objective on shares of RH in a research note on Friday, June 13th. Finally, 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 note on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, RH presently has an average rating of "Hold" and an average target price of $270.35.

RH Trading Down 1.8%

Shares of RH stock opened at $221.57 on Wednesday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The firm's 50 day moving average is $212.80 and its 200-day moving average is $215.43. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 52.75, a PEG ratio of 0.65 and a beta of 2.15.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $817.66 million. During the same period in the prior year, the business earned ($0.40) earnings per share. RH'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. On average, equities research analysts forecast that RH will post 4.39 earnings per share 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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