Insider Selling: RH (NYSE:RH) CEO Sells 48,238 Shares

RH (NYSE:RH) CEO Gary Friedman sold 48,238 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $158.66, for a total value of $7,653,441.08. Following the sale, the chief executive officer owned 3,226,337 shares in the company, valued at approximately $511,890,628.42. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

RH Price Performance

RH stock traded down $1.06 during trading hours on Wednesday, hitting $162.64. The stock had a trading volume of 1,036,636 shares, compared to its average volume of 1,138,447. RH has a 1-year low of $106.30 and a 1-year high of $257.00. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 3.88 and a beta of 1.88. The stock’s fifty day moving average is $144.68 and its two-hundred day moving average is $162.36. 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) last released its quarterly earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The business had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was down 1.7% on a year-over-year basis. As a group, analysts predict that RH will post 4.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RH

Hedge funds have recently modified their holdings of the company. Durable Capital Partners LP increased its position in RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock worth $122,119,000 after purchasing an additional 359,101 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of RH by 1,797.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 246,355 shares of the company’s stock valued at $44,134,000 after buying an additional 233,373 shares during the period. Alliancebernstein L.P. increased its holdings in shares of RH by 66.1% during the 3rd quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after buying an additional 228,229 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of RH by 388.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,271 shares of the company’s stock worth $53,893,000 after buying an additional 210,991 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of RH by 200.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 297,694 shares of the company’s stock worth $60,480,000 after buying an additional 198,615 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RH shares. Wells Fargo & Company raised their price objective on shares of RH from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. TD Cowen reduced their target price on RH from $265.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Guggenheim reiterated a “buy” rating and set a $200.00 target price on shares of RH in a report on Friday, June 12th. Stifel Nicolaus increased 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. Finally, Morgan Stanley reissued an “overweight” rating and set a $240.00 price target on shares of RH in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $177.00.

More RH News

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH announced a high-profile global design collaboration with Mercedes-AMG PETRONAS Formula One, which could help strengthen brand visibility and support the company’s luxury positioning. Article: RH Chairman & CEO Gary Friedman Reports the Sale of a Small Portion of His RH Common Stock Ownership Position
• Positive Sentiment: A Wall Street analyst reportedly moved away from a bearish stance on RH, adding to the recent upgrade momentum and suggesting some improving sentiment on the stock. Article: This RH Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday
• Neutral Sentiment: RH’s latest reported quarterly revenue was $800.3 million, down 1.7% year over year, which shows the business is still facing some top-line pressure even after a recent earnings beat.
• Neutral Sentiment: Some institutional investors have been buying RH while others have reduced exposure, so hedge-fund positioning is mixed rather than clearly bullish or bearish.
• Negative Sentiment: CEO share sales can weigh on investor sentiment, and RH insiders have been net sellers over the past six months, which may reinforce caution around the stock.

RH Company Profile

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.