Connor Clark & Lunn Investment Management Ltd. Invests $1.53 Million in RH $RH

Key Points

• Connor Clark & Lunn Investment Management Ltd. has purchased a new position in RH, investing approximately $1.53 million for 6,536 shares in the first quarter.
• Several analysts have recently adjusted their price targets for RH, with a range between $179 and $300, while the average target price is $270.35.
• RH reported an earnings per share (EPS) of $0.13 for the latest quarter, exceeding expectations, though it had a negative return on equity of 67.71%.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RH (NYSE:RH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,536 shares of the company's stock, valued at approximately $1,532,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG increased its holdings in shares of RH by 2.2% in the first quarter. Deutsche Bank AG now owns 9,674 shares of the company's stock valued at $2,268,000 after purchasing an additional 210 shares during the last quarter. Altfest L J & Co. Inc. increased its stake in RH by 37.7% during the first quarter. Altfest L J & Co. Inc. now owns 3,095 shares of the company's stock worth $725,000 after acquiring an additional 848 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in RH by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company's stock worth $44,736,000 after acquiring an additional 3,144 shares during the last quarter. Vanguard Group Inc. increased its stake in RH by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock worth $330,509,000 after acquiring an additional 7,952 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in RH by 20.9% during the first quarter. Blair William & Co. IL now owns 19,363 shares of the company's stock worth $4,539,000 after acquiring an additional 3,349 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Analysts Set New Price Targets

RH has been the subject of several recent analyst reports. Bank of America raised their target price on RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 14th. Telsey Advisory Group cut their target price on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and cut their target price for the stock from $199.00 to $179.00 in a research note on Tuesday, June 24th. Wells Fargo & Company set a $275.00 price objective on RH in a research note on Friday, June 13th. Finally, Zelman & Associates dropped their price objective on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research note on Wednesday, July 9th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, RH presently has an average rating of "Hold" and a consensus target price of $270.35.

RH Trading Down 5.4%

RH traded down $12.51 on Wednesday, hitting $219.02. 812,625 shares of the company were exchanged, compared to its average volume of 1,304,069. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 52.15, a price-to-earnings-growth ratio of 0.67 and a beta of 2.16. The firm has a 50-day moving average price of $204.72 and a two-hundred day moving average price of $227.18.

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

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.