Raymond James Financial Inc. Increases Stake in RH $RH

Key Points

• Raymond James Financial Inc. increased its stake in RH by 1.8%, now owning 135,042 shares valued at approximately $31.65 million.
• RH reported earnings of $0.13 per share for the latest quarter, exceeding analyst expectations, with a revenue of $813.95 million.
• Currently, 90.17% of RH’s stock is held by hedge funds and institutional investors, signaling strong institutional interest in the company.

Raymond James Financial Inc. raised its position in RH (NYSE:RH - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,042 shares of the company's stock after purchasing an additional 2,442 shares during the period. Raymond James Financial Inc. owned 0.72% of RH worth $31,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of RH. Envestnet Asset Management Inc. boosted its stake in RH by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,958 shares of the company's stock worth $1,951,000 after purchasing an additional 147 shares during the period. Renaissance Technologies LLC purchased a new position in RH during the 4th quarter valued at about $630,000. XTX Topco Ltd purchased a new stake in shares of RH during the fourth quarter worth about $284,000. NewEdge Advisors LLC grew its holdings in shares of RH by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 1,407 shares of the company's stock worth $554,000 after buying an additional 118 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of RH during the fourth quarter worth about $5,170,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Price Performance

Shares of RH stock opened at $243.15 on Friday. The stock has a market cap of $4.55 billion, a P/E ratio of 57.89, a price-to-earnings-growth ratio of 0.71 and a beta of 2.16. RH has a one year low of $123.03 and a one year high of $457.26. The stock has a fifty day moving average price of $207.38 and a 200 day moving average price of $223.45.

RH (NYSE:RH - Get Free Report) last released its quarterly 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. The business 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 firm'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 business posted ($0.40) earnings per share. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that RH will post 4.39 EPS for the current year.

Analyst Upgrades and Downgrades

RH has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of RH from $215.00 to $230.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. UBS Group reduced their price objective on shares of RH from $235.00 to $215.00 and set a "neutral" rating for the company in a research report on Thursday, June 5th. Wells Fargo & Company set a $275.00 price objective on shares of RH in a research note on Friday, June 13th. Finally, Zelman & Associates reduced their price objective on shares of RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research note on Wednesday, July 9th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, RH currently has an average rating of "Hold" and a consensus price target of $270.35.

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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