RH $RH Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its stake in RH by 9.6%, selling 4,629 shares and owning 43,504 shares worth approximately $10.2 million at the end of the first quarter.
• RH reported quarterly earnings of $2.93 per share, falling short of analysts' expectations and showing a revenue of $899.15 million, compared to $906.58 million anticipated.
• Currently, 90.17% of RH's stock is owned by institutional investors, and the stock has a consensus rating of "Hold" with an average price target of $273.47.

Royal Bank of Canada lowered its stake in RH (NYSE:RH - Free Report) by 9.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 43,504 shares of the company's stock after selling 4,629 shares during the quarter. Royal Bank of Canada owned 0.23% of RH worth $10,198,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of RH by 146.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,986 shares of the company's stock worth $934,000 after purchasing an additional 2,371 shares in the last quarter. Deutsche Bank AG boosted its holdings in RH by 607.9% in the 4th quarter. Deutsche Bank AG now owns 9,464 shares of the company's stock worth $3,725,000 after buying an additional 8,127 shares during the last quarter. Wellington Management Group LLP increased its stake in RH by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 44,880 shares of the company's stock worth $17,664,000 after buying an additional 5,506 shares in the last quarter. Cetera Investment Advisers increased its stake in RH by 81.7% during the 4th quarter. Cetera Investment Advisers now owns 3,856 shares of the company's stock worth $1,518,000 after buying an additional 1,734 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of RH during the first quarter valued at approximately $9,575,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Performance

Shares of RH traded down $1.01 during midday trading on Wednesday, hitting $229.69. 1,404,127 shares of the stock were exchanged, compared to its average volume of 1,285,815. The stock has a fifty day simple moving average of $219.98 and a 200 day simple moving average of $206.94. RH has a 52-week low of $123.03 and a 52-week high of $457.26. The firm has a market cap of $4.31 billion, a P/E ratio of 42.77, a P/E/G ratio of 1.09 and a beta of 2.15.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.22 by ($0.29). RH had a net margin of 3.20% and a negative return on equity of 113.58%. The firm had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. During the same period in the prior year, the firm earned $1.69 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that RH will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RH. Barclays dropped their price target on RH from $436.00 to $385.00 and set an "overweight" rating for the company in a research report on Friday, September 12th. Stifel Nicolaus dropped their target price on shares of RH from $390.00 to $320.00 and set a "buy" rating for the company in a report on Friday, September 12th. Zelman & Associates reduced their target price on shares of RH from $305.00 to $251.00 and set an "outperform" rating for the company in a research report on Wednesday, July 9th. Guggenheim restated a "buy" rating and set a $300.00 price target on shares of RH in a research report on Friday, September 12th. Finally, Cowen reaffirmed a "buy" rating on shares of RH in a research note on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.