Vanguard Group Inc. Acquires 7,952 Shares of RH $RH

Key Points

• Vanguard Group Inc. increased its stake in RH (NYSE:RH) by 0.6%, owning 1,409,962 shares worth approximately $330.51 million as of the end of the recent quarter.
• Institutional investors control 90.17% of RH's shares, with several firms significantly raising their positions during the first quarter of this year.
• RH recently reported an earnings surprise, posting earnings of $0.13 per share, exceeding expectations of a loss, with a 12.0% increase in revenue year-over-year.

Vanguard Group Inc. lifted its stake in shares of RH (NYSE:RH - Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,409,962 shares of the company's stock after purchasing an additional 7,952 shares during the period. Vanguard Group Inc. owned approximately 7.53% of RH worth $330,509,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RH. Anomaly Capital Management LP boosted its position in RH by 9.6% during the 4th quarter. Anomaly Capital Management LP now owns 481,111 shares of the company's stock worth $189,360,000 after acquiring an additional 41,986 shares during the period. Allspring Global Investments Holdings LLC lifted its position 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 purchasing an additional 12,460 shares in the last quarter. Victory Capital Management Inc. lifted 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 worth $38,707,000 after purchasing an additional 114,443 shares in the last quarter. Wolf Hill Capital Management LP boosted its holdings in shares of RH by 160.3% during the fourth quarter. Wolf Hill Capital Management LP now owns 150,294 shares of the company's stock worth $59,154,000 after purchasing an additional 92,565 shares during the period. Finally, Candlestick Capital Management LP grew its position in RH by 1.7% during the fourth quarter. Candlestick Capital Management LP now owns 144,544 shares of the company's stock valued at $56,891,000 after purchasing an additional 2,383 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RH has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. The Goldman Sachs Group lowered RH from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $199.00 to $179.00 in a report on Tuesday, June 24th. Wall Street Zen raised RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Telsey Advisory Group lowered their target price on RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. Finally, Guggenheim reaffirmed a "buy" rating and set a $300.00 price target on shares of RH in a research note on Wednesday, July 2nd. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, RH currently has an average rating of "Hold" and an average price target of $270.35.

RH Stock Down 5.6%

RH stock traded down $12.94 during midday trading on Wednesday, reaching $218.59. The stock had a trading volume of 764,419 shares, compared to its average volume of 1,303,768. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 0.67 and a beta of 2.16. RH has a twelve month low of $123.03 and a twelve month high of $457.26. The business has a fifty day simple moving average of $204.72 and a two-hundred day simple moving average of $227.18.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business had revenue of $813.95 million for the quarter, compared to analyst estimates of $817.66 million. During the same period last year, the company earned ($0.40) EPS. The firm's revenue was up 12.0% on a year-over-year basis. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict 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.