Jump Financial LLC Boosts Stock Holdings in RH $RH

Key Points

• Jump Financial LLC significantly increased its stake in RH, acquiring an additional 44,333 shares, leading to a total ownership of 44,911 shares valued at approximately $10.5 million.
• RH reported earnings of $0.13 per share for the last quarter, surpassing analyst expectations and showing a 12% year-over-year revenue increase.
• Institutional investors currently hold about 90.17% of RH's stock, highlighting strong investor interest in the company amidst various stake adjustments.

Jump Financial LLC raised its stake in shares of RH (NYSE:RH - Free Report) by 7,670.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,911 shares of the company's stock after purchasing an additional 44,333 shares during the period. Jump Financial LLC owned 0.24% of RH worth $10,528,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. 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 worth $276,000 after buying an additional 49 shares in the last quarter. Sunbelt Securities Inc. lifted 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 buying an additional 69 shares in the last quarter. Xponance Inc. lifted 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 buying an additional 80 shares in the last quarter. Invst LLC lifted 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 buying an additional 93 shares in the last quarter. Finally, State of Michigan Retirement System lifted 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 buying an additional 100 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

RH Trading Up 0.5%

RH traded up $1.23 during midday trading on Thursday, reaching $229.23. The company's stock had a trading volume of 586,103 shares, compared to its average volume of 1,305,368. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 0.64 and a beta of 2.16. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock's 50-day moving average is $209.75 and its 200-day moving average is $221.00.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.20. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The business had revenue of $813.95 million for the quarter, compared to analysts' expectations of $817.66 million. During the same quarter in the prior year, the company earned ($0.40) earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that RH will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RH shares. 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 report on Wednesday, July 9th. Wells Fargo & Company set a $275.00 price target on shares of RH in a research report on Friday, June 13th. Bank of America boosted their price target on shares of RH from $144.00 to $172.00 and gave the company an "underperform" rating in a research report on Wednesday, May 14th. Telsey Advisory Group reduced their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a research report on Monday, June 9th. Finally, The Goldman Sachs Group lowered shares of RH from a "neutral" rating to a "sell" rating and reduced their price target for the company from $199.00 to $179.00 in a research report on Tuesday, June 24th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $270.35.

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.