Cramer Rosenthal Mcglynn LLC Has $5.76 Million Stake in RH $RH

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its holdings in RH by 21.4%, selling 6,702 shares, leaving the firm with approximately 0.13% of the company's stock valued at $5.76 million.
• Several hedge funds significantly increased their investments in RH during the first quarter, with Jump Financial LLC boosting its position by an impressive 7,670.1%.
• RH reported earnings of $0.13 per share, surpassing analysts' expectations, while its revenue was up 12.0% year-over-year, reaching $813.95 million despite slightly missing predictions.

Cramer Rosenthal Mcglynn LLC cut its stake in RH (NYSE:RH - Free Report) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,586 shares of the company's stock after selling 6,702 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.13% of RH worth $5,763,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in RH by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock valued at $330,509,000 after purchasing an additional 7,952 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in RH by 5.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock valued at $61,757,000 after purchasing an additional 12,460 shares in the last quarter. Invesco Ltd. increased its holdings in RH by 38.2% during the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company's stock valued at $58,239,000 after purchasing an additional 68,629 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in RH by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company's stock valued at $44,736,000 after purchasing an additional 3,144 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in RH by 225.8% during the 1st quarter. Victory Capital Management Inc. now owns 165,127 shares of the company's stock valued at $38,707,000 after purchasing an additional 114,443 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

RH Trading Down 1.7%

Shares of NYSE:RH traded down $3.78 during midday trading on Friday, hitting $225.44. The company had a trading volume of 581,098 shares, compared to its average volume of 1,300,960. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 0.66 and a beta of 2.16. The firm has a fifty day simple moving average of $210.55 and a 200 day simple moving average of $219.80.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (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 business had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the company earned ($0.40) EPS. The firm's 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. Equities analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and dropped their price target for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Zelman & Associates dropped their price target on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, July 9th. Bank of America increased their price objective on RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research report on Wednesday, May 14th. Robert W. Baird increased their price objective on RH from $215.00 to $230.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Telsey Advisory Group decreased their price objective on RH from $280.00 to $255.00 and set an "outperform" rating on the stock 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 given a Sell rating to the company's stock. According to MarketBeat.com, RH has an average rating of "Hold" and an average 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.