Algert Global LLC Buys 1,440 Shares of RH $RH

Key Points

• Algert Global LLC increased its stake in RH shares by 51.6%, now holding a total of 4,230 shares worth approximately $992,000.
• RH reported better-than-expected earnings of $0.13 per share, surpassing analysts' estimates of a loss, which reflects a significant improvement from last year's earnings of ($0.40) per share.
• The stock is currently trading at $243.15, with a market capitalization of $4.55 billion and a consensus rating of "Hold" with an average price target of $270.35.

Algert Global LLC increased its position in RH (NYSE:RH - Free Report) by 51.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,230 shares of the company's stock after buying an additional 1,440 shares during the period. Algert Global LLC's holdings in RH were worth $992,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its holdings in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after buying an additional 69 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 111 shares in the last quarter. NBC Securities Inc. bought a new stake in RH in the first quarter worth $45,000. Pingora Partners LLC bought a new stake in RH in the fourth quarter worth $79,000. Finally, Golden State Wealth Management LLC lifted its holdings in RH by 100.6% in the 1st quarter. Golden State Wealth Management LLC now owns 347 shares of the company's stock worth $81,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Price Performance

Shares of NYSE RH traded up $8.83 during trading hours on Wednesday, reaching $230.02. The stock had a trading volume of 723,922 shares, compared to its average volume of 1,307,615. The business's fifty day moving average is $208.97 and its two-hundred day moving average is $220.95. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 0.67 and a beta of 2.16. RH has a twelve month low of $123.03 and a twelve month high of $457.26.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, June 12th. The company reported $0.13 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 analyst estimates of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.RH's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) earnings per share. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RH shares. Zelman & Associates reduced their target price on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, July 9th. Wells Fargo & Company set a $275.00 target price on RH in a report on Friday, June 13th. Guggenheim restated a "buy" rating and issued a $300.00 target price on shares of RH in a report on Wednesday, July 2nd. Robert W. Baird boosted their target price on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Finally, Telsey Advisory Group reduced their target price on RH from $280.00 to $255.00 and set an "outperform" rating for the company in a report on Monday, June 9th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.