Kettle Hill Capital Management LLC Sells 12,575 Shares of RH $RH

Key Points

• Kettle Hill Capital Management LLC reduced its stake in RH by 15% in the first quarter, owning 71,373 shares valued at approximately $16.73 million.
• Several analysts have downgraded their ratings on RH, with UBS lowering the price target to $215 and Goldman Sachs to $179.
• RH reported a quarterly earnings per share of $0.13, surpassing analysts' expectations, despite revenue falling slightly short at $813.95 million.

Kettle Hill Capital Management LLC cut its holdings in RH (NYSE:RH - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,373 shares of the company's stock after selling 12,575 shares during the quarter. RH comprises about 4.6% of Kettle Hill Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Kettle Hill Capital Management LLC owned 0.38% of RH worth $16,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RH. Vanguard Group Inc. raised 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 worth $330,509,000 after buying an additional 7,952 shares during the period. Atreides Management LP increased its holdings in RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company's stock worth $110,951,000 after buying an additional 193,404 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in RH by 5.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock worth $61,757,000 after purchasing an additional 12,460 shares during the period. Invesco Ltd. boosted its position in RH by 38.2% during 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. Finally, Charles Schwab Investment Management Inc. boosted its position 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 purchasing an additional 3,144 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RH. 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. Citigroup increased their price objective on RH from $200.00 to $233.00 and gave the stock a "neutral" rating in a research note on Wednesday. Zelman & Associates lowered their target price on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research note on Wednesday, July 9th. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and decreased their price target for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Finally, Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of RH in a report on Wednesday, July 2nd. 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $272.29.

RH Stock Performance

RH stock traded up $15.74 during midday trading on Friday, reaching $250.98. The stock had a trading volume of 1,656,081 shares, compared to its average volume of 1,022,327. The firm's fifty day simple moving average is $215.53 and its 200-day simple moving average is $211.28. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The stock has a market capitalization of $4.70 billion, a P/E ratio of 59.76, a price-to-earnings-growth ratio of 0.73 and a beta of 2.15.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (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 for the quarter, compared to analyst estimates of $817.66 million. During the same quarter last year, the firm earned ($0.40) EPS. RH's revenue for the quarter 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. On average, sell-side analysts anticipate that RH will post 4.39 earnings per share for the current fiscal 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.