Logan Capital Management Inc. Increases Stake in RH $RH

Logan Capital Management Inc. boosted its stake in shares of RH (NYSE:RH) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,305 shares of the company’s stock after acquiring an additional 448 shares during the quarter. Logan Capital Management Inc. owned 0.07% of RH worth $2,515,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RH. Atreides Management LP raised its position in RH by 69.1% during the first quarter. Atreides Management LP now owns 473,321 shares of the company’s stock valued at $110,951,000 after acquiring an additional 193,404 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in RH during the first quarter valued at approximately $35,057,000. Victory Capital Management Inc. raised its position in RH by 225.8% during 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 in the last quarter. Invesco Ltd. raised its position in RH by 38.2% during 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 in the last quarter. Finally, WCM Investment Management LLC raised its position in RH by 130.9% during the second quarter. WCM Investment Management LLC now owns 105,730 shares of the company’s stock valued at $20,176,000 after acquiring an additional 59,941 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Analysts Set New Price Targets

RH has been the topic of several research analyst reports. Citigroup raised their price objective on RH from $200.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Wells Fargo & Company raised their price objective on RH from $275.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Stifel Nicolaus dropped their price objective on RH from $390.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, September 12th. William Blair lowered RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Finally, Zacks Research lowered RH from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, RH presently has a consensus rating of “Hold” and a consensus price target of $259.29.

RH Price Performance

Shares of NYSE:RH opened at $193.21 on Wednesday. The business’s 50 day moving average price is $209.39 and its 200-day moving average price is $200.55. The firm has a market capitalization of $3.62 billion, a PE ratio of 35.98, a P/E/G ratio of 0.89 and a beta of 2.23. RH has a 1 year low of $123.03 and a 1 year high of $457.26.

RH (NYSE:RH) last issued its quarterly earnings results on Thursday, September 11th. The company reported $2.93 earnings per share (EPS) 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 period in the prior year, the firm earned $1.69 earnings per share. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that RH will post 4.39 earnings per share 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.