Russell Investments Group Ltd. Sells 2,433 Shares of RH $RH

Key Points

• Russell Investments Group Ltd. reduced its stake in RH by 41.8% during the first quarter, selling 2,433 shares and holding 3,388 shares valued at $794,000.
• RH's quarterly earnings report showed a profit of $0.13 EPS, beating expectations, despite revenue of $813.95 million falling short of the $817.66 million estimate.
• Wall Street analysts have mixed views on RH, with consensus rating at "Hold" and a target price of $270.35, but varying predictions from different firms ranging from $144.00 to $300.00.

Russell Investments Group Ltd. trimmed its position in shares of RH (NYSE:RH - Free Report) by 41.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,388 shares of the company's stock after selling 2,433 shares during the period. Russell Investments Group Ltd.'s holdings in RH were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in RH by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock valued at $330,509,000 after acquiring an additional 7,952 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in RH by 5.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock valued at $61,757,000 after purchasing an additional 12,460 shares during the period. Invesco Ltd. boosted its position in shares of RH by 38.2% in the first quarter. Invesco Ltd. now owns 248,449 shares of the company's stock valued at $58,239,000 after acquiring an additional 68,629 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of RH by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 190,843 shares of the company's stock valued at $44,736,000 after acquiring an additional 3,144 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of RH by 225.8% in the first quarter. Victory Capital Management Inc. now owns 165,127 shares of the company's stock valued at $38,707,000 after acquiring an additional 114,443 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Telsey Advisory Group reduced their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating for the company in a report on Monday, June 9th. Guggenheim reiterated a "buy" rating and issued a $300.00 target price on shares of RH in a research note on Wednesday, July 2nd. Wells Fargo & Company set a $275.00 target price on shares of RH in a research note on Friday, June 13th. 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. Finally, The Goldman Sachs Group downgraded RH from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $199.00 to $179.00 in a research report on Tuesday, June 24th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $270.35.

RH Stock Down 1.8%

RH traded down $4.10 during midday trading on Tuesday, reaching $221.57. 612,328 shares of the company's stock were exchanged, compared to its average volume of 1,296,867. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 52.75, a price-to-earnings-growth ratio of 0.65 and a beta of 2.15. RH has a one year low of $123.03 and a one year high of $457.26. The business has a 50-day simple moving average of $212.06 and a two-hundred day simple moving average of $215.39.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.20. The business had revenue of $813.95 million during the quarter, compared to the consensus estimate of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.RH's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that RH will post 4.39 EPS 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.