RH $RH Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has reduced its stake in RH by 44.9%, now holding 19,249 shares valued at $4.5 million after selling 15,689 shares in the first quarter.
• RH reported earnings per share (EPS) of $0.13 for the latest quarter, surpassing analysts' expectations, while its revenue was up 12% year-over-year at $813.95 million, slightly below expectations.
• The stock has experienced a price range between a one-year low of $123.03 and a high of $457.26, with a current market cap of approximately $4.06 billion.

HighTower Advisors LLC cut its stake in shares of RH (NYSE:RH - Free Report) by 44.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,249 shares of the company's stock after selling 15,689 shares during the quarter. HighTower Advisors LLC owned about 0.10% of RH worth $4,512,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 111 shares during the last quarter. NBC Securities Inc. purchased a new stake in RH in the first quarter valued at $45,000. Pingora Partners LLC purchased a new stake in RH in the fourth quarter valued at $79,000. Finally, Putney Financial Group LLC purchased a new stake in RH in the fourth quarter valued at $98,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RH. Wells Fargo & Company set a $275.00 price target on shares of RH in a report on Friday, June 13th. The Goldman Sachs Group lowered shares of RH from a "neutral" rating to a "sell" rating and lowered their price target for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Bank of America upped their price objective on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Zelman & Associates decreased their price objective 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. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, RH has an average rating of "Hold" and a consensus target price of $270.35.

RH Trading Down 4.2%

RH stock traded down $9.58 during mid-day trading on Tuesday, reaching $221.14. The company's stock had a trading volume of 1,072,374 shares, compared to its average volume of 1,085,193. The stock has a market cap of $4.14 billion, a PE ratio of 52.65, a P/E/G ratio of 0.67 and a beta of 2.16. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The company's 50 day moving average is $208.97 and its two-hundred day moving average is $220.95.

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

About RH

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.