Quantbot Technologies LP Increases Holdings in RH $RH

Key Points

• Quantbot Technologies LP increased its stake in RH by 54.3% in Q1, acquiring an additional 3,941 shares for a total holding of 11,202 shares, valued at approximately $2.6 million.
• Several hedge funds adjusted their positions in RH, with Sunbelt Securities significantly increasing theirs by 690% during the last quarter.
• RH reported $0.13 earnings per share for the last quarter, surpassing analysts' expectations but faced a 6.3% drop in stock value in recent trading.

Quantbot Technologies LP grew its stake in shares of RH (NYSE:RH - Free Report) by 54.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,202 shares of the company's stock after acquiring an additional 3,941 shares during the period. Quantbot Technologies LP owned about 0.06% of RH worth $2,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. ProShare Advisors LLC lifted its position in shares of RH by 7.5% during the 4th quarter. ProShare Advisors LLC now owns 700 shares of the company's stock valued at $276,000 after acquiring an additional 49 shares during the period. Sunbelt Securities Inc. raised its position 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 purchasing an additional 69 shares during the last quarter. Xponance Inc. raised its position in shares of RH by 4.0% during the 1st quarter. Xponance Inc. now owns 2,067 shares of the company's stock worth $485,000 after purchasing an additional 80 shares during the last quarter. Invst LLC raised its position in shares of RH by 4.1% during the 4th quarter. Invst LLC now owns 2,342 shares of the company's stock worth $922,000 after purchasing an additional 93 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in shares of RH by 2.8% during the 1st quarter. State of Michigan Retirement System now owns 3,615 shares of the company's stock worth $847,000 after purchasing an additional 100 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on RH shares. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group downgraded RH from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $199.00 to $179.00 in a research report on Tuesday, June 24th. Telsey Advisory Group cut their price objective on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Wells Fargo & Company set a $275.00 price target on shares of RH in a report on Friday, June 13th. Finally, Bank of America lifted their price target on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a report on Wednesday, May 14th. 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. Based on data from MarketBeat.com, RH presently has a consensus rating of "Hold" and an average price target of $270.35.

RH Price Performance

RH traded down $12.3590 during trading on Monday, hitting $231.3510. The company's stock had a trading volume of 1,588,771 shares, compared to its average volume of 1,310,415. The stock has a market cap of $4.33 billion, a PE ratio of 55.05, a PEG ratio of 0.71 and a beta of 2.16. The firm's 50 day moving average price is $207.38 and its 200-day moving average price is $222.11. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that RH will post 4.39 earnings per share for the current year.

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.