Wealth Enhancement Advisory Services LLC Makes New Investment in RH $RH

Key Points

• Wealth Enhancement Advisory Services LLC purchased 1,687 shares of RH, valued at approximately $349,000, during the second quarter.
• The stock has seen significant movements among institutional investors, with Atreides Management LP increasing its position by 69.1% and Armistice Capital LLC raising its stake by 263.9% in the first quarter.
• RH's latest quarterly earnings fell short of analyst expectations, reporting $2.93 EPS against a consensus estimate of $3.22 EPS, with revenues of $899.15 million.

Wealth Enhancement Advisory Services LLC bought a new position in RH (NYSE:RH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,687 shares of the company's stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Atreides Management LP increased its position in RH by 69.1% in the first quarter. Atreides Management LP now owns 473,321 shares of the company's stock worth $110,951,000 after buying an additional 193,404 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of RH during the first quarter worth $35,057,000. Victory Capital Management Inc. raised its position in RH by 225.8% during the 1st quarter. Victory Capital Management Inc. now owns 165,127 shares of the company's stock valued at $38,707,000 after purchasing an additional 114,443 shares in the last quarter. Invesco Ltd. raised its position in RH by 38.2% during the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company's stock valued at $58,239,000 after purchasing an additional 68,629 shares in the last quarter. Finally, Armistice Capital LLC raised its position in shares of RH by 263.9% in the 1st quarter. Armistice Capital LLC now owns 72,566 shares of the company's stock worth $17,010,000 after acquiring an additional 52,625 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $236.13, for a total value of $472,260.00. Following the transaction, the director directly owned 24,616 shares of the company's stock, valued at approximately $5,812,576.08. This trade represents a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.00% of the stock is owned by company insiders.

RH Price Performance

RH opened at $196.62 on Wednesday. The stock has a market cap of $3.69 billion, a P/E ratio of 36.61, a P/E/G ratio of 0.95 and a beta of 2.23. The stock's 50 day simple moving average is $221.02 and its 200 day simple moving average is $202.82. RH has a 1-year low of $123.03 and a 1-year high of $457.26.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The company reported $2.93 earnings per share for the quarter, missing analysts' consensus estimates of $3.22 by ($0.29). The firm 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 113.58% and a net margin of 3.20%.The business's revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that RH will post 4.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RH. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of RH in a research report on Friday, September 12th. The Goldman Sachs Group lowered RH from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $199.00 to $179.00 in a report on Tuesday, June 24th. Weiss Ratings restated a "hold (c-)" rating on shares of RH in a research report on Saturday, September 27th. Cowen reiterated a "buy" rating on shares of RH in a research report on Friday, September 12th. Finally, Robert W. Baird lifted their price objective on RH from $215.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, RH currently has a consensus rating of "Hold" and an average price target of $259.29.

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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