Narwhal Capital Management Grows Position in RH $RH

Key Points

• Narwhal Capital Management increased its stake in RH by 33.7%, holding 18,979 shares valued at approximately $3.6 million following the purchase of 4,781 additional shares in Q2.
• Analysts have mixed opinions on RH, with 10 rating it as a "buy", while Goldman Sachs downgraded its rating from "neutral" to "sell" with a price target of $179.
• In Q2, RH reported earnings per share of $2.93, missing estimates by $0.29, and its revenue increased by 8.4% year-over-year, totaling $899.15 million.

Narwhal Capital Management raised its holdings in shares of RH (NYSE:RH - Free Report) by 33.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,979 shares of the company's stock after buying an additional 4,781 shares during the quarter. Narwhal Capital Management owned about 0.10% of RH worth $3,587,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RH. AlphaQuest LLC purchased a new stake in shares of RH during the first quarter worth $29,000. Farther Finance Advisors LLC grew its holdings in shares of RH by 67.8% during the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company's stock worth $29,000 after buying an additional 61 shares in the last quarter. UMB Bank n.a. boosted its position in shares of RH by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 180 shares of the company's stock valued at $34,000 after acquiring an additional 63 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of RH by 146.1% during the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after acquiring an additional 111 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of RH by 214.9% during the 2nd quarter. Parallel Advisors LLC now owns 233 shares of the company's stock valued at $44,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RH. Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of RH in a research report on Friday, September 12th. Weiss Ratings reissued a "hold (c-)" rating on shares of RH in a research report on Wednesday. Citigroup boosted their price target on shares of RH from $200.00 to $233.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group cut shares of RH from a "neutral" rating to a "sell" rating and lowered their price target for the company from $199.00 to $179.00 in a research report on Tuesday, June 24th. Finally, Zelman & Associates lowered 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. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, RH presently has an average rating of "Hold" and a consensus price target of $259.29.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the sale, the director owned 24,616 shares of the company's stock, valued at approximately $5,812,576.08. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.00% of the company's stock.

RH Price Performance

NYSE RH opened at $199.54 on Thursday. The firm's 50-day moving average is $220.85 and its two-hundred day moving average is $202.80. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock has a market capitalization of $3.74 billion, a P/E ratio of 37.16, a PEG ratio of 0.93 and a beta of 2.23.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, September 11th. The company reported $2.93 EPS for the quarter, missing analysts' consensus estimates of $3.22 by ($0.29). RH had a net margin of 3.20% and a negative return on equity of 113.58%. The company had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. During the same period in the previous year, the company earned $1.69 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate 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.

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