T. Rowe Price Investment Management Inc. Has $19.13 Million Stock Position in RH $RH

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in RH by 63.4%, selling 141,167 shares and now holding 81,623 shares valued at approximately $19.1 million.
• Analysts have mixed ratings on RH, with Goldman Sachs downgrading its rating to "sell" and reducing the price target, while Robert W. Baird increased the target price, indicating a divergence in market perspectives.
• RH's recent quarterly earnings report showed a profit of $0.13 per share, exceeding analysts' expectations, along with a 12% year-over-year revenue increase despite having a negative return on equity.

T. Rowe Price Investment Management Inc. cut its stake in shares of RH (NYSE:RH - Free Report) by 63.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,623 shares of the company's stock after selling 141,167 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.44% of RH worth $19,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RH. Vanguard Group Inc. lifted its stake in shares of RH by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,409,962 shares of the company's stock worth $330,509,000 after buying an additional 7,952 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of RH by 5.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 258,331 shares of the company's stock worth $61,757,000 after buying an additional 12,460 shares during the last quarter. Invesco Ltd. lifted its stake in shares of RH by 38.2% in the first quarter. Invesco Ltd. now owns 248,449 shares of the company's stock worth $58,239,000 after buying an additional 68,629 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $44,736,000 after buying an additional 3,144 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake 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 worth $38,707,000 after buying an additional 114,443 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RH shares. UBS Group dropped their target price on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. Bank of America boosted their target price 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. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of RH in a research report on Wednesday, July 2nd. Zelman & Associates lowered their price target on shares of RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a report on Wednesday, July 9th. Finally, Telsey Advisory Group lowered their price target on shares of RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $270.35.

RH Stock Performance

RH stock traded down $4.43 during trading hours on Friday, reaching $224.80. 296,930 shares of the company's stock traded hands, compared to its average volume of 1,299,102. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 53.59, a PEG ratio of 0.66 and a beta of 2.16. The firm's 50 day moving average is $210.55 and its 200-day moving average is $219.80.

RH (NYSE:RH - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.20. The company had revenue of $813.95 million for 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%. The company's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that RH will post 4.39 EPS for the current 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.