Cinctive Capital Management LP Has $2.20 Million Stake in RH $RH

Key Points

• Cinctive Capital Management LP has reduced its stake in RH by 13.0%, holding approximately 0.05% of the company worth $2.2 million after selling 1,408 shares in the first quarter.
• RH reported earnings of $0.13 per share in its latest quarter, surpassing estimates, while revenue was slightly below expectations at $813.95 million.
• Analysts have mixed ratings on RH stock: ten have a "Buy," four a "Hold," and three a "Sell," with the average target price estimated at $272.29.

Cinctive Capital Management LP cut its stake in shares of RH (NYSE:RH - Free Report) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,385 shares of the company's stock after selling 1,408 shares during the period. Cinctive Capital Management LP owned approximately 0.05% of RH worth $2,200,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp grew its holdings in RH by 37.2% during the fourth quarter. Stifel Financial Corp now owns 2,083 shares of the company's stock valued at $820,000 after purchasing an additional 565 shares during the period. Northern Trust Corp grew its holdings in shares of RH by 35.8% in the 4th quarter. Northern Trust Corp now owns 136,810 shares of the company's stock valued at $53,847,000 after buying an additional 36,084 shares during the period. Algert Global LLC acquired a new position in RH in the fourth quarter valued at about $1,098,000. Cetera Investment Advisers grew its position in shares of RH by 81.7% in the 4th quarter. Cetera Investment Advisers now owns 3,856 shares of the company's stock valued at $1,518,000 after purchasing an additional 1,734 shares during the period. Finally, Deutsche Bank AG grew its position in shares of RH by 607.9% in the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock valued at $3,725,000 after purchasing an additional 8,127 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Performance

NYSE:RH traded up $15.74 during mid-day trading on Friday, hitting $250.98. The stock had a trading volume of 1,656,081 shares, compared to its average volume of 1,022,327. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 0.73 and a beta of 2.15. The company's 50 day simple moving average is $215.53 and its 200 day simple moving average is $211.28.

RH (NYSE:RH - Get Free Report) last issued its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $817.66 million. During the same period last year, the business posted ($0.40) EPS. RH's revenue was up 12.0% on a year-over-year basis. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that RH will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on RH. Telsey Advisory Group decreased 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. Wall Street Zen raised shares of RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup upped their target price on shares of RH from $200.00 to $233.00 and gave the stock a "neutral" rating in a research note on Wednesday. Guggenheim reaffirmed a "buy" rating and set a $300.00 price objective on shares of RH in a research report on Wednesday, July 2nd. Finally, Zelman & Associates reduced their price objective on RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research report 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 company's stock. Based on data from MarketBeat, RH presently has a consensus rating of "Hold" and an average price target of $272.29.

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.