Amundi Reduces Stock Position in RH $RH

Key Points

• Amundi has reduced its stake in RH by 35%, owning 9,691 shares valued at approximately $2.27 million as of its latest SEC filing.
• While Amundi sold shares, several other institutional investors increased their holdings, with Atreides Management boosting theirs by 69.1% during the first quarter.
• RH reported a quarterly EPS of $2.93, missing expectations, along with a revenue of $899.15 million, below the forecast of $906.58 million.

Amundi lessened its holdings in shares of RH (NYSE:RH - Free Report) by 35.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,691 shares of the company's stock after selling 5,229 shares during the period. Amundi owned about 0.05% of RH worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in RH by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock worth $330,509,000 after purchasing an additional 7,952 shares in the last quarter. Atreides Management LP raised its holdings in RH by 69.1% in the 1st quarter. Atreides Management LP now owns 473,321 shares of the company's stock worth $110,951,000 after purchasing an additional 193,404 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in RH by 5.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock worth $61,757,000 after purchasing an additional 12,460 shares in the last quarter. Invesco Ltd. raised its holdings in RH by 38.2% in the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company's stock worth $58,239,000 after purchasing an additional 68,629 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in RH by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company's stock worth $44,736,000 after purchasing an additional 3,144 shares in the last quarter. Institutional investors own 90.17% of the company's stock.

RH Trading Up 1.8%

NYSE:RH traded up $4.12 on Tuesday, reaching $226.95. 438,302 shares of the stock traded hands, compared to its average volume of 1,308,559. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.09 and a beta of 2.15. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The company's fifty day simple moving average is $218.86 and its 200 day simple moving average is $206.62.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported $2.93 earnings per share 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 the consensus estimate of $906.58 million. RH had a net margin of 3.20% and a negative return on equity of 113.58%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on RH. Citigroup upped their price objective on shares of RH from $200.00 to $233.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. TD Cowen increased their price target on shares of RH from $235.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday. Barclays decreased their price target 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 reiterated a "buy" rating and issued a $300.00 price target on shares of RH in a research note on Friday. Finally, Robert W. Baird increased their price target on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $259.29.

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.