Durable Capital Partners LP Sells 329,935 Shares of RH $RH

Key Points

• Durable Capital Partners LP has reduced its stake in RH by 53.5%, selling 329,935 shares and now owning 1.53% of the company valued at approximately $67.3 million.
• In contrast, other institutional investors have increased their holdings significantly, with Cambridge Investment Research Advisors Inc. growing by 146.8% and Deutsche Bank AG by 607.9% during recent quarters.
• Analysts have mixed ratings on RH stock, with a consensus rating of "Hold" and an average price target of $270.35, reflecting varying outlooks on the company's performance.

Durable Capital Partners LP decreased its position in shares of RH (NYSE:RH - Free Report) by 53.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,996 shares of the company's stock after selling 329,935 shares during the period. Durable Capital Partners LP owned approximately 1.53% of RH worth $67,275,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in RH by 0.6% during the first 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 grew its stake in shares of RH by 5.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock valued at $61,757,000 after buying an additional 12,460 shares during the last quarter. Invesco Ltd. grew its stake in shares of RH by 38.2% during the first quarter. Invesco Ltd. now owns 248,449 shares of the company's stock valued at $58,239,000 after buying an additional 68,629 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of RH by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company's stock valued at $44,736,000 after buying an additional 3,144 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of RH by 225.8% during the first quarter. Victory Capital Management Inc. now owns 165,127 shares of the company's stock valued at $38,707,000 after buying an additional 114,443 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Stock Performance

Shares of NYSE RH traded up $14.03 during trading hours on Thursday, hitting $235.25. The company's stock had a trading volume of 1,021,337 shares, compared to its average volume of 1,291,859. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 56.01, a P/E/G ratio of 0.65 and a beta of 2.15. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The business has a 50-day simple moving average of $214.33 and a 200-day simple moving average of $214.46.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.20. The business 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%.The business's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) EPS. 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 EPS for the current year.

Analyst Ratings Changes

RH has been the topic of a number of recent research reports. Guggenheim reaffirmed a "buy" rating and set a $300.00 price objective on shares of RH in a research note on Wednesday, July 2nd. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Robert W. Baird raised their price objective on RH from $215.00 to $230.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Zelman & Associates reduced their price objective on RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Ten 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.