Hsbc Holdings PLC Invests $2.46 Million in RH $RH

Key Points

• Hsbc Holdings PLC invested approximately $2.46 million in RH by purchasing over 10,000 shares, representing 0.06% ownership of the company.
• Multiple hedge funds have increased or established positions in RH, leading to institutional investors controlling 90.17% of the stock.
• RH's stock recently opened at $228.49, showing a significant increase and reflecting its growth potential amid recent market analyses.

Hsbc Holdings PLC purchased a new stake in RH (NYSE:RH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,519 shares of the company's stock, valued at approximately $2,461,000. Hsbc Holdings PLC owned about 0.06% of RH as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 111 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of RH during the first quarter worth approximately $45,000. Putney Financial Group LLC bought a new position in RH in the 4th quarter valued at $98,000. Finally, Copia Wealth Management acquired a new stake in shares of RH during the 4th quarter worth approximately $106,000. Institutional investors own 90.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RH. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of RH in a report on Wednesday, July 2nd. Zelman & Associates cut their price target on shares of RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 9th. The Goldman Sachs Group downgraded shares of RH from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird boosted their price objective on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $270.35.

RH Trading Up 3.3%

Shares of RH stock opened at $228.49 on Thursday. The business has a 50-day moving average price of $209.75 and a two-hundred day moving average price of $221.00. The company has a market cap of $4.28 billion, a P/E ratio of 54.40, a PEG ratio of 0.64 and a beta of 2.16. RH has a 1-year low of $123.03 and a 1-year high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $817.66 million. During the same period in the previous year, the company posted ($0.40) EPS. The firm's 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 research analysts forecast that RH will post 4.39 EPS for the current fiscal year.

RH Company 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.

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