SBI Securities Co. Ltd. decreased its position in RH (NYSE:RH – Free Report) by 97.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304 shares of the company’s stock after selling 13,654 shares during the quarter. SBI Securities Co. Ltd.’s holdings in RH were worth $50,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of RH. Harvest Fund Management Co. Ltd acquired a new position in RH in the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB lifted its position in RH by 200.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock worth $31,000 after acquiring an additional 116 shares during the last quarter. Advisory Services Network LLC bought a new stake in RH during the third quarter valued at about $31,000. Modus Advisors LLC bought a new stake in RH during the fourth quarter valued at about $34,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of RH in the first quarter valued at about $42,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
RH Trading Down 0.4%
Shares of RH stock opened at $179.62 on Friday. The firm has a market capitalization of $3.39 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.87. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.13 and a quick ratio of 0.32. The company’s fifty day moving average price is $167.48 and its two-hundred day moving average price is $157.70. RH has a 52-week low of $106.30 and a 52-week high of $257.00.
RH News Roundup
Here are the key news stories impacting RH this week:
- Positive Sentiment: Wells Fargo reportedly expects strong appreciation for RH stock, providing a potentially supportive analyst outlook and counterbalancing near-term bearish sentiment. Wells Fargo & Company Forecasts Strong Price Appreciation for RH Stock
- Neutral Sentiment: RH’s latest quarterly results modestly exceeded expectations, with revenue of $800.3 million versus the $792.6 million consensus and a loss of $1.97 per share versus the expected $2.12 loss. However, revenue declined 1.7% year over year, leaving investors focused on whether the company can return to sustained growth.
- Negative Sentiment: RH was identified among the market’s most-shorted stocks. Heavy short positioning highlights concerns about the luxury home-furnishings retailer’s valuation, demand trends and execution, while also increasing the risk of continued volatility and pressure from bearish traders. Short Sellers Attack Ondas, Avis Budget, RH: Here Are the 10 Most Shorted Stocks
Insiders Place Their Bets
In related news, Director Carlos Alberini acquired 11,388 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $160.90 per share, with a total value of $1,832,329.20. Following the completion of the acquisition, the director owned 32,190 shares of the company’s stock, valued at $5,179,371. This trade represents a 54.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary G. Friedman sold 69,069 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $169.48, for a total value of $11,705,814.12. Following the completion of the sale, the chief executive officer owned 3,282,268 shares in the company, valued at approximately $556,278,780.64. This represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 132,749 shares of company stock worth $21,856,812 over the last quarter. Company insiders own 26.90% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on RH shares. Zacks Research raised RH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Stifel Nicolaus raised their target price on RH from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, June 12th. TD Cowen reaffirmed a “buy” rating on shares of RH in a research report on Monday. Wells Fargo & Company upped their price target on RH from $175.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Citigroup increased their price objective on RH from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $174.29.
About RH
RH, formerly Restoration Hardware, is a design-driven luxury retailer specializing in high-end home furnishings, décor, textiles, lighting and outdoor living products. The company offers a curated collection of furniture pieces—including seating, casegoods, beds and dining items—alongside rugs, art and decorative accessories. RH’s product lines are organized into distinct collections, each reflecting a cohesive design philosophy and premium craftsmanship aimed at the residential and hospitality markets.
Founded in 1979 in Eureka, California, by Stephen Gordon, Restoration Hardware began as a small warehouse in Northern California.
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