RH $RH Shares Sold by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners Inc. significantly reduced its stake in RH by 59.9% in the first quarter, now holding shares worth approximately $1.66 million.
• Despite a revenue increase of 12.0% year-over-year, RH reported earnings of $0.13 per share, surpassing estimates that anticipated a loss.
• Analyst ratings for RH are mixed, with a consensus price target of $272.29 and ten analysts recommending a buy, indicating a generally optimistic outlook despite recent share price fluctuations.

Polar Asset Management Partners Inc. lowered its position in RH (NYSE:RH - Free Report) by 59.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,100 shares of the company's stock after selling 10,600 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in RH were worth $1,664,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after acquiring an additional 69 shares during the last quarter. AlphaQuest LLC bought a new position in shares of RH during the first quarter valued at about $29,000. GAMMA Investing LLC raised its stake in RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock worth $44,000 after buying an additional 111 shares in the last quarter. NBC Securities Inc. bought a new position in RH in the first quarter worth about $45,000. Finally, Putney Financial Group LLC bought a new position in RH in the fourth quarter worth about $98,000. 90.17% of the stock is owned by institutional investors.

RH Price Performance

RH stock traded down $10.94 during mid-day trading on Friday, reaching $217.19. 2,949,793 shares of the company traded hands, compared to its average volume of 1,308,795. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 51.64, a price-to-earnings-growth ratio of 0.66 and a beta of 2.15. The firm's fifty day moving average is $218.13 and its two-hundred day moving average is $210.04.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The company reported $2.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.22 by ($0.29). The firm had revenue of $899.15 million for the quarter, compared to analysts' expectations of $906.58 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $1.69 earnings per share. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that RH will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on RH. Barclays decreased their target price on shares of RH from $436.00 to $385.00 and set an "overweight" rating for the company in a research note on Friday. Guggenheim restated a "buy" rating and issued a $300.00 target price on shares of RH in a report on Friday. Citigroup lifted their price target on shares of RH from $200.00 to $233.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Robert W. Baird raised their price objective on shares of RH from $215.00 to $230.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, TD Cowen raised their price objective on shares of RH from $235.00 to $265.00 and gave the company a "buy" rating in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $259.29.

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.