Bank of Montreal Can Boosts Position in RH $RH

Bank of Montreal Can raised its position in RH (NYSE:RH) by 74.9% during the 2nd quarter, Holdings Channel reports. The firm owned 9,415 shares of the company’s stock after acquiring an additional 4,031 shares during the quarter. Bank of Montreal Can’s holdings in RH were worth $1,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RH. AlphaQuest LLC purchased a new stake in shares of RH in the 1st quarter worth about $29,000. Farther Finance Advisors LLC increased its holdings in RH by 67.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. UMB Bank n.a. raised its position in RH by 53.8% during the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock worth $34,000 after acquiring an additional 63 shares during the last quarter. Solstein Capital LLC purchased a new stake in shares of RH in the second quarter valued at about $38,000. Finally, Parallel Advisors LLC lifted its holdings in shares of RH by 214.9% in the second quarter. Parallel Advisors LLC now owns 233 shares of the company’s stock valued at $44,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $236.13, for a total transaction of $472,260.00. Following the completion of the transaction, the director owned 24,616 shares of the company’s stock, valued at $5,812,576.08. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of RH in a research report on Wednesday, October 8th. Telsey Advisory Group cut RH from an “outperform” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Friday, September 12th. Zacks Research downgraded RH from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 16th. Citigroup boosted their price target on RH from $200.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, Barclays decreased their price objective on RH from $436.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Ten equities research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $259.69.

RH Stock Down 1.7%

Shares of RH stock opened at $158.25 on Friday. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26. The business’s fifty day moving average is $194.85 and its two-hundred day moving average is $200.23. The firm has a market cap of $2.97 billion, a PE ratio of 29.47, a P/E/G ratio of 0.76 and a beta of 2.21.

RH (NYSE:RH) last announced its quarterly earnings data 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 analysts’ expectations of $906.58 million. RH had a net margin of 3.20% and a negative return on equity of 113.58%. RH’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that RH will post 4.39 EPS for the current year.

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.