Ionic Capital Management LLC Takes Position in RH $RH

Key Points

• Ionic Capital Management LLC bought 4,400 shares of RH, valued at approximately $1,031,000, in the 1st quarter of the year.
• RH reported an EPS of $0.13 for its last quarter, surpassing expectations, while its revenue increased by 12.0% year-over-year.
• Wall Street analysts have set varying price targets for RH, with Guggenheim maintaining a "buy" rating and a target price of $300.00.

Ionic Capital Management LLC purchased a new position in shares of RH (NYSE:RH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,400 shares of the company's stock, valued at approximately $1,031,000.

Several other institutional investors have also modified their holdings of RH. Atreides Management LP grew its position in shares of RH by 69.1% during the first quarter. Atreides Management LP now owns 473,321 shares of the company's stock worth $110,951,000 after acquiring an additional 193,404 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of RH during the first quarter worth about $35,057,000. Victory Capital Management Inc. grew its position 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 worth $38,707,000 after acquiring an additional 114,443 shares during the last quarter. Kettle Hill Capital Management LLC lifted its holdings in RH by 1,094.5% in the fourth quarter. Kettle Hill Capital Management LLC now owns 83,948 shares of the company's stock worth $33,041,000 after purchasing an additional 76,920 shares during the period. Finally, Invesco Ltd. lifted its holdings in RH by 38.2% in the first quarter. Invesco Ltd. now owns 248,449 shares of the company's stock worth $58,239,000 after purchasing an additional 68,629 shares during the period. Institutional investors own 90.17% of the company's stock.

RH Stock Performance

NYSE RH traded up $15.74 on Friday, reaching $250.98. The company's stock had a trading volume of 1,656,081 shares, compared to its average volume of 1,022,327. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The stock has a market cap of $4.70 billion, a PE ratio of 59.76, a PEG ratio of 0.73 and a beta of 2.15. The firm's 50 day moving average is $215.53 and its two-hundred day moving average is $211.28.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.57% and a negative return on equity of 67.71%. The company had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. During the same period in the prior year, the firm earned ($0.40) earnings per share. The business'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. Equities research analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RH has been the subject of several research analyst reports. Wells Fargo & Company set a $275.00 price objective on shares of RH in a report on Friday, June 13th. The Goldman Sachs Group downgraded shares of RH from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Telsey Advisory Group reduced their price objective on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a report on Monday, June 9th. Zelman & Associates reduced their price objective on shares of RH from $305.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, July 9th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $300.00 price objective on shares of RH in a report on Wednesday, July 2nd. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, RH currently has an average rating of "Hold" and a consensus target price of $272.29.

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.