Neuberger Berman Group LLC Buys New Stake in RH $RH

Neuberger Berman Group LLC purchased a new position in shares of RH (NYSE:RH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,091 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 acquiring an additional 7,952 shares during the period. Senvest Management LLC increased its stake in shares of RH by 54.6% in the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock valued at $138,713,000 after purchasing an additional 259,200 shares in the last quarter. Atreides Management LP raised its holdings in RH by 69.1% in the 1st quarter. Atreides Management LP now owns 473,321 shares of the company’s stock worth $110,951,000 after purchasing an additional 193,404 shares during the period. Geode Capital Management LLC boosted its position in RH by 0.7% during the second quarter. Geode Capital Management LLC now owns 265,762 shares of the company’s stock worth $50,240,000 after purchasing an additional 1,829 shares in the last quarter. Finally, Invesco Ltd. boosted its position in RH by 38.2% during the first quarter. Invesco Ltd. now owns 248,449 shares of the company’s stock worth $58,239,000 after purchasing an additional 68,629 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Performance

Shares of RH stock opened at $157.83 on Friday. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The stock’s fifty day moving average is $177.19 and its two-hundred day moving average is $196.90. The firm has a market capitalization of $2.96 billion, a P/E ratio of 29.39, a PEG ratio of 0.75 and a beta of 2.21.

RH (NYSE:RH) last issued its earnings results on Thursday, September 11th. The company reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.29). The business had revenue of $899.15 million during the quarter, compared to analyst estimates of $906.58 million. RH had a net margin of 3.20% and a negative return on equity of 113.58%. RH’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.69 earnings per share. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that RH will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup boosted their price objective on RH from $200.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Telsey Advisory Group cut shares of RH from an “outperform” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Friday, September 12th. Zacks Research lowered shares of RH from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 16th. Barclays reduced their price objective on shares of RH from $436.00 to $385.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Finally, Cowen reiterated a “buy” rating on shares of RH in a research report on Friday, September 12th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $259.69.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $236.13, for a total value of $472,260.00. Following the completion of the sale, the director owned 24,616 shares in the company, valued at approximately $5,812,576.08. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.00% of the company’s stock.

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.