Nuveen LLC Makes New $6.32 Million Investment in RH $RH

Nuveen LLC purchased a new position in shares of RH (NYSE:RH) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 26,975 shares of the company’s stock, valued at approximately $6,323,000. Nuveen LLC owned approximately 0.14% of RH at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RH. Victory Capital Management Inc. lifted 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 worth $38,707,000 after buying an additional 114,443 shares in the last quarter. Freestone Grove Partners LP bought a new stake in RH during the 4th quarter worth about $44,744,000. Schonfeld Strategic Advisors LLC lifted its position in RH by 2,075.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 100,016 shares of the company’s stock worth $39,365,000 after buying an additional 95,419 shares in the last quarter. Kettle Hill Capital Management LLC lifted its position in RH by 1,094.5% during the 4th quarter. Kettle Hill Capital Management LLC now owns 83,948 shares of the company’s stock worth $33,041,000 after buying an additional 76,920 shares in the last quarter. Finally, Invesco Ltd. lifted its position in RH by 38.2% during the 1st quarter. Invesco Ltd. now owns 248,449 shares of the company’s stock worth $58,239,000 after buying an additional 68,629 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

RH Stock Performance

Shares of RH opened at $230.72 on Tuesday. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The firm has a market cap of $4.32 billion, a P/E ratio of 54.93, a price-to-earnings-growth ratio of 0.71 and a beta of 2.16. The firm’s 50-day simple moving average is $208.20 and its 200 day simple moving average is $220.95.

RH (NYSE:RH) last announced its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million for the quarter, compared to analyst estimates 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 business earned ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that RH will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RH shares. UBS Group lowered their price objective on shares of RH from $235.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, June 5th. Wall Street Zen upgraded shares of RH from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Robert W. Baird boosted their price objective on shares of RH from $215.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, June 16th. The Goldman Sachs Group lowered shares of RH from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $199.00 to $179.00 in a research note on Tuesday, June 24th. Finally, Bank of America boosted their price objective on shares of RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 14th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, RH presently has a consensus rating of “Hold” and an average target price of $270.35.

RH 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.