RH $RH Stake Cut 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 cut its position in shares of RH (NYSE:RH - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RH. AlphaQuest LLC bought a new position in RH during the first quarter worth $29,000. Sunbelt Securities Inc. lifted its stake in RH by 690.0% during the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock worth $31,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC lifted its stake in RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after buying an additional 111 shares during the last quarter. NBC Securities Inc. bought a new stake in RH in the first quarter valued at $45,000. Finally, Golden State Wealth Management LLC lifted its stake in RH by 100.6% in the first quarter. Golden State Wealth Management LLC now owns 347 shares of the company's stock valued at $81,000 after buying an additional 174 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Stock Down 0.4%

RH stock opened at $227.94 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 54.27, a PEG ratio of 0.66 and a beta of 2.15. The company has a 50-day simple moving average of $218.13 and a 200 day simple moving average of $210.04. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 EPS. 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 year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RH. Guggenheim reiterated a "buy" rating and issued a $300.00 target price on shares of RH in a research note on Wednesday, July 2nd. Wall Street Zen upgraded RH from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group cut their target price on RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research note on Thursday, June 5th. The Goldman Sachs Group cut RH from a "neutral" rating to a "sell" rating and cut their target price for the company from $199.00 to $179.00 in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company raised their target price on RH from $275.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday. 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 stock. Based on data from MarketBeat.com, RH currently has a consensus rating of "Hold" and an average price target of $273.47.

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.

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