Evolve Private Wealth LLC acquired a new position in shares of RH (NYSE:RH – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 4,231 shares of the company’s stock, valued at approximately $697,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of RH during the third quarter worth approximately $30,000. Advisory Services Network LLC acquired a new stake in shares of RH during the third quarter worth $31,000. Wilmington Savings Fund Society FSB grew its position in RH by 200.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Modus Advisors LLC purchased a new position in RH in the 4th quarter valued at $34,000. Finally, Farther Finance Advisors LLC increased its stake in RH by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 248 shares of the company’s stock valued at $44,000 after buying an additional 77 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on RH. Bank of America started coverage on shares of RH in a research report on Monday, August 3rd. They set an “underperform” rating and a $156.00 price objective for the company. Citigroup lifted their target price on shares of RH from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of RH in a research note on Friday, July 24th. JPMorgan Chase & Co. cut their price target on shares of RH from $225.00 to $212.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, UBS Group reduced their price objective on shares of RH from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $173.36.
RH Trading Down 6.3%
Shares of RH stock opened at $143.61 on Tuesday. The business’s fifty day moving average price is $169.42 and its 200 day moving average price is $155.74. RH has a 1-year low of $106.30 and a 1-year high of $257.00. The firm has a market capitalization of $2.71 billion, a PE ratio of 27.72, a P/E/G ratio of 3.64 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.
RH (NYSE:RH – Get Free Report) last released its earnings results on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, beating analysts’ consensus estimates of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The company had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. During the same quarter last year, the company earned $0.13 earnings per share. RH’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that RH will post 4.2 EPS for the current fiscal year.
Insider Activity
In other news, Director Mark S. Demilio sold 3,102 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $144.00, for a total value of $446,688.00. Following the completion of the transaction, the director owned 25,830 shares in the company, valued at $3,719,520. This trade represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carlos Alberini acquired 11,388 shares of RH stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the purchase, the director directly owned 32,190 shares of the company’s stock, valued at approximately $5,179,371. This trade represents a 54.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 132,749 shares of company stock worth $21,856,812 in the last 90 days. 26.90% of the stock is currently owned by corporate insiders.
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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