BlackBarn Capital Partners LP Buys Shares of 30,000 RH $RH

BlackBarn Capital Partners LP bought a new stake in RH (NYSE:RH) during the 1st quarter, Holdings Channel.com reports. The firm bought 30,000 shares of the company’s stock, valued at approximately $7,032,000. RH comprises approximately 0.4% of BlackBarn Capital Partners LP’s holdings, making the stock its 15th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in RH by 690.0% in the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after acquiring an additional 69 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of RH during the 1st quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of RH by 146.1% during the 1st quarter. GAMMA Investing LLC now owns 187 shares of the company’s stock worth $44,000 after purchasing an additional 111 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of RH during the 1st quarter worth approximately $45,000. Finally, Pingora Partners LLC bought a new stake in shares of RH during the 4th quarter worth approximately $79,000. Institutional investors own 90.17% of the company’s stock.

RH Trading Up 11.1%

RH opened at $243.15 on Friday. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The stock’s fifty day simple moving average is $207.38 and its 200 day simple moving average is $224.77. The stock has a market cap of $4.55 billion, a PE ratio of 57.89, a price-to-earnings-growth ratio of 0.63 and a beta of 2.16.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, June 12th. The company reported $0.13 earnings per share 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 analysts’ expectations of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The firm’s revenue for the quarter 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. Equities analysts forecast that RH will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RH shares. UBS Group dropped their price objective on RH from $235.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, June 5th. Telsey Advisory Group dropped their price objective on RH from $280.00 to $255.00 and set an “outperform” rating on the stock in a research note on Monday, June 9th. Robert W. Baird upped their price objective on RH from $215.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, June 16th. Wells Fargo & Company set a $275.00 price objective on RH in a research note on Friday, June 13th. Finally, Bank of America upped their price objective on RH from $144.00 to $172.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 14th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $270.35.

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.