Nantahala Capital Management LLC Takes Position in RH $RH

Key Points

• Nantahala Capital Management LLC invested approximately $11.76 million in RH by acquiring 50,158 shares, representing about 0.27% of the company's stock.
• Several institutional investors, including Cambridge Investment Research Advisors and Deutsche Bank AG, have substantially increased their stakes in RH, indicating strong institutional interest.
• RH's recent earnings report showed a significant earnings per share (EPS) of $0.13, surpassing estimates, but the company's revenue fell slightly short of expectations.

Nantahala Capital Management LLC bought a new stake in RH (NYSE:RH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,158 shares of the company's stock, valued at approximately $11,758,000. Nantahala Capital Management LLC owned about 0.27% of RH at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RH. Stifel Financial Corp grew its stake in shares of RH by 37.2% in the 4th quarter. Stifel Financial Corp now owns 2,083 shares of the company's stock valued at $820,000 after purchasing an additional 565 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of RH by 35.8% in the 4th quarter. Northern Trust Corp now owns 136,810 shares of the company's stock valued at $53,847,000 after buying an additional 36,084 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of RH in the 4th quarter valued at approximately $16,355,000. Algert Global LLC acquired a new stake in shares of RH in the 4th quarter valued at approximately $1,098,000. Finally, Brevan Howard Capital Management LP lifted its holdings in shares of RH by 49.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,696 shares of the company's stock valued at $2,635,000 after buying an additional 2,214 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RH has been the subject of several recent analyst reports. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and reduced their price target for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Citigroup raised their price target on RH from $200.00 to $233.00 and gave the company a "neutral" rating in a report on Wednesday. Wells Fargo & Company set a $275.00 price objective on RH in a report on Friday, June 13th. UBS Group reduced their price objective on RH from $235.00 to $215.00 and set a "neutral" rating for the company in a report on Thursday, June 5th. Finally, Wall Street Zen raised RH from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Ten research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $272.29.

RH Trading Up 6.3%

Shares of NYSE RH traded up $14.03 during trading on Thursday, reaching $235.25. The company had a trading volume of 1,021,337 shares, compared to its average volume of 1,291,859. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The stock has a market capitalization of $4.41 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 0.65 and a beta of 2.15. The stock has a 50-day moving average price of $214.33 and a two-hundred day moving average price of $214.46.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. The company had revenue of $813.95 million during 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 for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) earnings per share. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that RH will post 4.39 EPS for the current year.

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.