Neuberger Berman Group LLC Invests $206,000 in RH $RH

Neuberger Berman Group LLC purchased a new stake in shares of RH (NYSE:RH) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,091 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently modified their holdings of RH. Envestnet Asset Management Inc. boosted its holdings in RH by 7.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,325 shares of the company’s stock valued at $1,248,000 after purchasing an additional 367 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of RH by 11.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,329 shares of the company’s stock worth $1,015,000 after buying an additional 446 shares during the last quarter. XTX Topco Ltd raised its position in shares of RH by 573.8% during the 1st quarter. XTX Topco Ltd now owns 4,865 shares of the company’s stock valued at $1,140,000 after buying an additional 4,143 shares during the period. Vestcor Inc purchased a new stake in shares of RH during the 1st quarter valued at approximately $398,000. Finally, Alberta Investment Management Corp lifted its holdings in RH by 3.1% in the first quarter. Alberta Investment Management Corp now owns 10,152 shares of the company’s stock valued at $2,380,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on RH from $275.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of RH in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of RH in a research report on Friday, September 12th. Citigroup upped their target price on shares of RH from $200.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Barclays lowered their target price on shares of RH from $436.00 to $385.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, RH has an average rating of “Hold” and an average target price of $259.69.

Insider Buying and Selling at RH

In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction 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 sale, the director owned 24,616 shares of the company’s stock, valued at approximately $5,812,576.08. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.00% of the company’s stock.

RH Stock Performance

Shares of RH opened at $157.83 on Friday. The company’s 50-day simple moving average is $177.19 and its 200-day simple moving average is $196.90. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The stock has a market capitalization of $2.96 billion, a PE ratio of 29.39, a P/E/G ratio of 0.75 and a beta of 2.21.

RH (NYSE:RH) last announced its earnings results on Thursday, September 11th. The company reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.22 by ($0.29). The business had revenue of $899.15 million for the quarter, compared to analysts’ expectations of $906.58 million. RH had a negative return on equity of 113.58% and a net margin of 3.20%.RH’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous 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, sell-side analysts predict that RH will post 4.39 earnings per share for the current year.

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.